London calling, but fewer will answer after Brexit takes its toll

London calling, but fewer will answer after Brexit takes its toll

As banks, traders and billions flee ahead of Brexit, it looks as if the world’s greatest financial centre is in grave danger of becoming a relative backwater

In the late 1990s, when I was writing about the world’s capital markets for the Financial Times, I got an up-close view of the hostility towards the European Union that existed, and still exists, in pockets of the City of London. The big story at the time was the imminent introduction of the euro, and fear and loathing were stalking the City’s trading floors.

City traders were instinctively and understandably hostile to the...

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