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Goldman Sachs Group Inc. is shifting some of its euro swaps trading desk to Milan from London, the latest example of roles moving to the continent after Brexit.
Britain’s economy is forecast to shrink by 0.4% in 2023, more than any other in the Group of Seven richest nations, according to the Organization for Economic Cooperation and Development (OECD). Britain is the only G-7 member whose economy has yet to return to pre-pandemic levels.
Even after years of division and vitriol, it seems like Britain still needs to talk about Brexit. / More than six years after voting to leave the European Union, the UK is facing a prolonged recession and a deep cost-of-living crisis. Last week’s Autumn Statement heralded years of higher taxes and cuts to public spending.
Financial News rounds up our coverage of how the City has been impacted since the landmark Brexit vote.
Brexit is hurting the UK economy, Bank of England officials said Wednesday, even as government leaders downplay the impact of the seismic EU withdrawal.
"Around half of the fiscal hole, and the political instability that comes with that, is down to Brexit," John Springford of the Centre for European Reform.
Meanwhile former Cabinet minister George Eustice questioned the negotiating strategy that led to the Australia and New Zealand trade deals.
Brexit has "permanently damaged" the UK economy, former Bank of England policymaker Michael Saunders warned as London was deposed as Europe's biggest stock market.
Ministers were accused on Tuesday of condemning another generation of children to breathing toxic air in London and other parts of Britain by setting a target to tackle it only by 2040.
Britons facing ‘austerity’ budget as a direct result of decision to leave Europe, former Bank of England adviser says
An index compiled by Bloomberg showed combined market capitalisation of primary listings in Paris overtook London in US dollar terms.
LONDON has lost its crown as Europe’s largest stock market to Paris, with France closing a trillion-dollar market gap since the 2016 Brexit vote.
The French capital will become a focus for the bank as it tries to recruit dozens of fresh staff.
Strong growth elsewhere has obscured an honest debate about the cost of leaving the EU for UK financial services.
'Wimbledonisation' helped the City of London become Europe’s financial capital. But leaving the EU has been much less of an advantage.
Londoners’ lives are being put at risk by the Government’s bungled post-Brexit targets to tackle toxic air, a watchdog warned on Tuesday.
London’s status as the global hub for FX and derivatives trading is under threat for the first time since Brexit.
The Chancellor is trying to keep talent in a financial sector that is losing ground to the EU. / Of all the things the government could be doing to improve the economy right now, scrapping the cap on bankers’ bonuses seems like the most brazenly tone-deaf.
'After Brexit, we found ourselves in a position where we could not talk as easily to European clients, and now we can'. / Numis, the traditionally City-focused investment bank, is gearing up to compete with larger rivals in continental Europe after opening its post-Brexit office in Dublin.
Closely-watched rankings suggest uncertainty over Brexit has had a short-term impact on the City of London's status.
The recent closure of the Charles Peguy centre is sad but hardly surprising.
London is in danger of becoming a mere “regional stock market” down the line unless it significantly raises its game -- that is the warning from Mark Austin, the latest person charged with sprucing up the UK’s listing rules and helping the city maintain its position as one of the world’s leading financial centers.
Britain’s top hotels are suffering from bartender shortages, with many leaving the industry or moving to new projects.
London’s IPO market share has dropped since the Brexit vote as British companies seek to list in New York.
The economic fallout from leaving the EU is becoming all too apparent.