The Economist: Finance and economics articles summarised (28th June 2019)

Financial centres after Brexit

  • The table below gives a sense of what is happening to The City, what they have to lose and who is gaining from Brexit moves.
  • Contingency plans were triggered before March 29th.
    • 291 financial firms have moved activities and people to the EU27.
    • £1trn City assets have left, out of £16trn.
    • The London Stock Exchange moved trading in European government bonds, daily volume £2.4trn . . .

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