London is perfectly positioned to trade as a world city Likewise, insurance also remains an important and long-standing industry for London. The city’s legal sector also continues to expand, with many foreign companies and individuals choosing to settle legal disputes in the UK capital. The tech sector is also more flexible and vibrant, and less restricted by regulations and red tape than the finance industry. The fact that both Google and Apple chose London as their European headquarters demonstrates the broad level of long-term confidence that businesses have in the city. Media and technology is now a much faster-growing sector for London, with a multitude of start-ups based in the city. If Brexit does result in a widespread exodus of financial firms from London (which we view as unlikely), the tech industry has the potential to become just as important, if not more so, in the future.

There is more to London than financial services However, with a diverse economy, highly skilled workforce, wide tourist demand, world-class universities and cultural appeal, London will not only survive Brexit, but will continue to thrive. In the three-and-a-half years since the UK voted to leave the European Union (EU) much has been written about how London’s status as a global leader in financial services could be weakened.

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