NEWS | London’s Future
Daniel Evans examines whether the capital can retain its place as the world’s leading financial centre
Can London bridge the European divide?
W 14
hen I phoned Bill Greenhead, the cartoonist who drew our brilliant front cover, he
immediately knew what I wanted. Twelve months ago, the word ‘Brexit’ would have been met with shrugs and blank looks. ‘Sounds like some sort of gear box problem,’ someone might have said. But not now. Bill was up and running in
seconds. ‘I’ll put Boris alongside the PM and even have Mark Carney as the parrot on her shoulder.’ Nowadays, everyone has a view on
Brexit and it is dividing the country – and financial community – as much as ever. The joke about hiring a one-armed economist has never been more relevant.
DIRECTOR OF FINANCE
(‘Because I am fed up with an economist who says: ‘On the one hand this, on the other hand that’ is the punchline – Bet you’re glad you asked!). One question that keeps being asked
is whether London will be able to retain its place as the world’s leading financial centre.
Anthony Browne, head of the British
Bankers’ Association, reckons City bosses are on the brink of leaving the UK. “Their hands are quivering over the relocation button,” he told The Observer. “Many smaller banks plan to start relocating before Christmas. Bigger banks are expected to start in the first quarter of the year. It is understandable that other European cities want to attract jobs from London. Delegations from Frankfurt,
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