Editorial: City of London faces threat to its role as rulemaker
Europe’s financial capital looks set to be usurped after Amsterdam replaced it last month as the main location for trading European shares
One of the puzzling aspects of Britain’s “trade deal” with the European Union is that it does not include financial services, Britain’s biggest industry.
The City of London is Europe’s most important financial centre, and a global hub for trading, legal services and investment banking. Financial services contributed £75 billion in taxes to the British exchequer in 2019.
Yet the City was ignored and demeaned by the proponents...
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