Westminster was already beset by deep rifts and divisions ahead of Brexit. The postponement of Parliament’s landmark vote yesterday has only deepened them — and City executives are positioning themselves along the new battle lines.

Prime Minister Theresa May’s decision to cancel December 11’s vote on her divisive Brexit deal — and delay to an as-yet-unspecified future date — will be seen by many as prolonging the agony. If MPs eventually opt to support a version of this deal, it will buy the City two more years to hammer out the details of its future relationship with institutions in the European Union.