European Press Declares London ‘King of Finance’ Despite Brexit

An interesting article in the well-respected Paris-based financial paper La Nouvelle Economiste this week sings the City of London’s praises despite Brexit. It notes that tens of thousands of city jobs did leave after the vote. As remainers said would be a prelude to the collapse of the city…

Instead the paper points out nothing of the sort has happened:

• Tory moves to encourage inward fintech movement especially through the Financial Services and Markets Act 2023 and Financial Services Strategy instantly put the UK as the second-largest fintech market in the world with €2.8 billion.