No EU city matches London’s unique appeal as a finance hub

With talks underway on the deal to take Britain out of the EU, and the Brussels negotiator Michel Barnier threatening to “educate” the UK about the consequences of Brexit, the headlines have been bleak.

Newspapers are filled with stories of major banking institutions making plans to decamp to Frankfurt, Paris, Dublin or elsewhere in an effort to preserve their connections with the world’s biggest trading bloc, where London is “outside”.

It might be easy to believe the gloomy prognostications of some that this is the only and inevitable trend, and that London as a world financial centre is somehow doomed.

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