In this alarming article, the NYT looks at which European city will replace London as the global financial center following the Brexit referendum.
Source: After ‘Brexit,’ Finding a New London for the Financial World to Call Home – The New York Times
Financial services is the UK’s largest most important and most profitable industry. Without financial services, the UK would probably be relegated to third world status.
Losing the UK’s financial services industry is unthinkable but because of Brexit the hub could move to Europe. Meanwhile, it’s not clear if the UK will still be an integral part of Europe from a trading perspective.
The next Conservative Prime Minister must urgently give some assurances about the UK’s future. The Little- Englanders must be put back in the bottle.