London’s financial districts provide London’s financial services firms with an ecosystem like no other, but could this now be under threat?
Editor's Note: This post is part of a series on the state of the financial services industry.
Over the weekend it was widely reported that Brexit could mean the end of the city’s financial district as we know it. Whispers by top industry representatives even warned that banks could start leaving London before Christmas as the industry struggles to adjust to the uncertainty surrounding Brexit more than any other sector of the economy, both in the degree of its effect and implications. London has long been seen as the epicentre of the financial market in Europe. But rising real estate costs have led companies to move outside the Capital. With the recent Brexit vote causing many firms to have their hands ‘quivering over the relocate button’, is it likely that this spread will continue to secondary cities like Birmingham? Or will companies establish a stronger presence in Mainland Europe?