London will remain Europe’s financial capital despite Brexit | Nils Pratley

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March 30, 2017 at 09:38PM

Never mind Lloyd’s, City will remain streets ahead of its European competitors even if hundreds of jobs go to Paris or Brussels

If Lloyd’s of London is serious about banning its brokers from enjoying a pint at lunchtime, which was last month’s edict from the top of the Richard Rogers building, Brussels is probably not the best place to open a new base. The beer is excellent.

Still, Lloyd’s Belgium-bound contingent will be few in number. The insurance market is moving “a few tens” of jobs from a London office that houses 700. Gags about Lloyd’s of Brussels don’t work, especially as the Belgian subsidiary, on day one, will employ fewer people than the Chinese one.

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