Finance News

London's financial centre status could be severely eroded, govt Brexit study warns

8th March 2018

The government's Brexit committee has published a 29 page study on the impact of Brexit after it was leaked to the media.

The paper, titled 'EU Exit Analysis' says that under an FTA-type scenario, "London's status as a financial centre could be severely eroded" if the EU undertakes measures which are harmful to the UK financial sector and EU-facing businesses then relocate.

In addition, it says that in a strict migration scenario, an option in a WTO scenario, the sector's access to talent could be limited.