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Giles Merritt assesses British remorse for leaving the EU, and suggests that Brussels should weigh the advantages of a constructive new relationship.
Writing exclusively for FN's sister title Private Equity News, the hedge fund veteran says leaving the EU has eroded the power of the City.
'Wimbledonisation' helped the City of London become Europe’s financial capital. But leaving the EU has been much less of an advantage.
The City of London finds itself in a precarious situation. With the Brexit trade deal barely mentioning financial services, the flight of the United Kingdom’s financial industry to the European Union will be difficult to avoid.
London used to be the main FX/CFD trading hub in the European Union.
Britain has been told to prepare for a no-deal Brexit when the transition period ends on 1 January 2021, after trade deal talks reached an impasse.
The growth in international schools in London has been stopped in its tracks - with Brexit the likely culprit.
Forecasts show the capital would have as many as 87,000 fewer jobs, with its economic output 2 per cent lower in 2030 than would otherwise be the case.