As Brexit negotiations continue, the business and trade agreement is on the top of the UK’s agenda. The topic of how the UK will survive after we exit the union is troubling many commentators, however, it is evident that without the UK’s financial sectors and connections, it may actually be the EU who has pause for thought, rather than the UK.
Despite Brexit, the UK is dominating the finance industry in Europe. A recent study by Think-tank New Financial found that the UK is the world’s second-largest financial centre, just behind the US, and ahead of China and Japan. Even if the UK loses a quarter of its international financial sector, it will still be double the size of any other European business centre.