Saturday 2 July 2016

London bankers face Brexit choice: lobby or leave

A week after Britons voted themselves out of the European Union, many London-based bankers and their employers face two options if they are to secure their futures: lobby or leave.

Some investment banks, anxious not to stir speculation of an exodus from the historic City of London and its modern counterpart at Canary Wharf, have given out “business as usual” messages since last week’s shock referendum result.

But beyond the soothing words the wider industry is hastily organising a lobbying effort in the hope London can keep selling financial services across Europe, a right to which it has become accustomed but may lapse when Britain finally exits the 28-nation bloc.

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