Brexit

The City’s Brexit problem is not those leaving, it is those who will not come

Predictions of London's demise have been exaggerated but it will attract far fewer EU candidates in the coming years

Wednesday 21 November 2018 at 00:01

Coming like a ghost town: While few believe Brexit will cause a widespread desertion of the City, more restrictive immigration rules could mean fewer come from abroad in future
Coming like a ghost town: While few believe Brexit will cause a widespread desertion of the City, more restrictive immigration rules could mean fewer come from abroad in future Photo: Getty Images

Even in the hardest of all possible Brexit scenarios, rumours of the death of the City of London are exaggerated.

But the real pain for the City will not come from financiers who leave. It will be inflicted by all those who will no longer come.