Reply To: City of London "the shocking study"

October 2026 › Forums › General discussion › City of London "the shocking study" › Reply To: City of London "the shocking study"

#184393
ALB
Keymaster

The flow of money out of the City has already begun:

https://www.reuters.com/article/uk-britain-eu-banks/brexit-fallout-on-uk-finance-intensifies-think-tank-idUSKBN1QS00B

That’s about 10% of banking assets in the UK. Financiers were split over Brexit with some funding Remain and others funding Leave, but in general the City favoured Remain. Those funding Leave were mavericks who wanted out to avoid further EU regulation of their often dubious activities. They won, but some of them too are moving their assets — and fiscal domiciles —  out of the UK.