My goodness what a twist in The Official Narrative that spun a tale of woe about foreign businesses, banks and corporations supposedly taking flight out of London immediately should Brits vote to leave. Those predictions only grew louder once British citizens did vote to leave, and as negotiations and court rulings continued apace. But out of Brussels, we're getting different word; that EU lawmakers are concerned about higher business costs that could damage the Continent should it be cut adrift from the City of London. https://www.theguardian.com/business/2017/jan/13/eu-negotiator-wants-special-deal-over-access-to-city-post-brexit
The City of London or "Square Mile" isn't your ordinary business district the way Wall Street is in Manhattan or Bay Street in Toronto or 'The Loop' in Chicago. The City of London is a city within a city afforded medieval rights and freedoms that cities can only dream about. It's run by the £1.3 billion endowed City of London Corporation, with its four layers of elected representatives or 'freemen' from feudal guilds (all with their own coats of arms) that make it as plutocratic, as insular, as powerful as the Vatican. 'The Guardian's' George Monbiot breaks it down further: "There are 25 electoral wards in the Square Mile. In four of them, the 9,000 people who live within its boundaries are permitted to vote. In the remaining 21, the votes are controlled by corporations, mostly banks and other financial companies. The bigger the business, the bigger the vote." Knowing this, how could most of the experts conclude that foreign banks wouldn't want to be there? Of course they would, and that's why they've helped make London the biggest financial capital in the world.
The people who write for the 'Financial Times' and 'The Economist' know this, too, because they've written about the City in the past, long before Brexit was an issue. Many of them work here, eat here, drink here, live here. Some of them had great-great-grandfathers peddling their fortunes here. They know the power of the place so they either forgot these facts or were manipulated by the powerful to push another agenda or were actively manipulating public opinion. They were effective, too, in whipping up public sentiment against Brexit based in part on perceptions that have little basis in fact or reality. I see a lot of friends and family wasting enormous amounts of energy worrying about problems that aren't problems, and probably won't be. Unless you want to be whipped around like a ragdoll in the coming years, then developing clear thinking and the capacities to discern, differentiate and discriminate in the Age of Manipulation will be essential.