Chill winds of Brexit sweep the Square Mile

As John Springford, deputy director of the Centre for European Reform, pointed out last week, equivalence does not cover every aspect of financial services, especially when firms deal with ordinary consumers. However, he argued that it would still be helpful.

“Once the pandemic is over there will still be benefits in being able to dip into a big pool of skilled financiers in London rather than having workers distributed across Europe,” wrote Springford.