How Brexit reduced the City of London’s financial clout – new research

By Amr Saber Algarhi, Senior Lecturer in Economics, Sheffield Hallam University
Adeola Y. Oyebowale, Assistant Professor in Banking, University of Doha for Science and Technology

The whole point of Brexit was to change the UK’s relationship with Europe. And one of the less visible shifts has occurred in the financial markets, affecting pension funds and the cost of borrowing.

Before the referendum, when London’s stock market sneezed, Europe caught a cold. Now though, our research suggests that the financial relationship between the UK and the EU has flipped.

The change came after decades of London…

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