You’ve Seen This Movie Before, Canada—Don’t Be the Sequel

Britain made one mistake. It’s still paying the price.

With its unmatched concentration of talent, institutions, and market access, no city rivaled London when the UK was inside the EU. It was the continent’s financial brainstem—running the numbers, clearing the trades, setting the tone.

Then came the rupture.

Brexit severed London’s passporting rights, stripping UK-based firms of their ability to operate freely across the EU. The result? A steady exodus of capital and credibility.

• An estimated €1.3 trillion in assets has moved from the UK to the EU, according to EY.

• Around 7,000 finance jobs have relocated.

• JPMorgan, Goldman Sachs, Citi, and other giants have shifted key operations to Paris, Frankfurt, and Dublin.