London mayor warns Asia, New York will win out from Brexit

The ultimate winners of banks deserting Brexit-bound London will not be rival financial hubs in Europe but New York and Asia, the British capital's mayor warned Thursday. Sadiq Khan spoke to AFP at the World Economic Forum shortly after Prime Minister Theresa May told the meeting in Davos that Britain would remain open for business, even as some banks start shifting jobs from London to Europe. While May insists that Britain will abandon the EU's common market, Khan said she should press still in Brexit negotiations for "privileged access" to the trading area and for London to have the ability to hire the right talent from abroad.

Continue reading...