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Will Brexit and coronavirus be a double whammy for the City?

The impact of the virus will not necessarily be bad for London. Indeed, when it comes to Brexit, it could be actually be positive

Will Brexit and coronavirus be a double whammy for the City?
Photo: Getty Images

Brexit is a threat to the City’s position as Europe’s financial centre. The City is also facing the challenge of the pandemic aftermath. Now some in the City are worried that the combination of Brexit and Covid-19 could be a particularly toxic cocktail for London.

Consider the implications of changes to working practices. After being surprised by the success of operating with most of their staff working at home, many City companies have declared that they will have far fewer employees in their main London offices in future.

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