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It became global leading when it happened to be the navel of the nascent Empire. With reducing global relevance of the United Kingdom and improvements in condit
by varjag 6y ago
It became global leading when it happened to be the navel of the nascent Empire. With reducing global relevance of the United Kingdom and improvements in conditions for finance elsewhere there are fewer reasons for capital flows to be managed there.
Still may take a while and one may well live a fulfilling career in meantime, just saying it's far from a sure bet. Capital is not terribly sentimental.
- growlist 6y agoNo skin off my nose either way - I'd be quite happy to see house prices fall, which is one of the likely consequences.