Brexit

City’s status ‘could be severely eroded’ in any Brexit scenario

Leaked government analysis shows that London will lose out under the most likely exit scenarios

Tuesday 30 January 2018 at 09:38

City’s status ‘could be severely eroded’ in any Brexit scenario

London's status as a global financial centre could suffer a severe blow under any Brexit deal, according to leaked government analysis of various exit scenarios.

A January paper, titled EU Exit Analysis — Cross Whitehall Briefing, found that the UK will be worse off outside the European Union under the three most likely deals, BuzzFeed News reports.