Marginal Revolution had an interesting discussion on the possibility of Finance leaving London [0]. Reading the discussion it seems like there's no real obviou

Marginal Revolution had an interesting discussion on the possibility of Finance leaving London [0]. Reading the discussion it seems like there's no real obvious choice for a European city which might end up owning Finance in the way London has. After all London earned its status as financial capital a long time before the EU was created and has a long history supporting this industry. The legal system and services that formed around it are unlikely to be able to be easily transplanted, so despite other cities wanting to offer themselves as substitutes it's not Banks could move without losing some economies of scale. This is of course assuming that our government attempts to negotiate for us to stay in the 'single market' and that the finance industry itself lobbies for Europe to play ball and keep business as usual. Of course, it is possible that we could see some decentralisation, which could weaken Europe's banking industry in relation to the US. [0] http://marginalrevolution.com/marginalrevolution/2016/06/which-european-financial-centre-would-win-at-londons-expense.html http://marginalrevolution.com/marginalrevolution/2016/06/whi...