In an excellent video, Germany‘s DW news agency explores the worries of the UK’s financial services industry. It reports that Standard and Poor’s has stripped the UK of its triple A credit rating, Fitch has downgraded Britain to double A, and Moody’s has downgraded its outlook for the British economy to negative.
The UK’s financial services industry is right to be worried. Already the NYT is speculating which European city will take over from London. Perhaps, the industry needs Andrea Leadsom as a champion of their interests?