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As I've said many times, most of the impact of Brexit - even a hard cliff edge Brexit - will be slow, incremental and long term. It's like turning a large ocean tanker around. London has been the financial services centre driving much of European private sector growth - or at least facilitating it. Gradually that will change.  But once it changes, it will also be almost impossible to reverse. The UK built a financial services empire in the aftermath of its loss of the real one. Now that too will slowly disintegrate.

Index of Frank's Diaries
by Frank Schnittger (mail Frankschnittger at hot male dotty communists) on Thu Nov 16th, 2017 at 12:20:21 PM EST
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