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I think that there is a big misconception about how much Brexit will hurt the banking sector. London is a global centre, but one of the big things that has helped this is the single market. A firm that is authorised by the FSA is counted as being auhorised in all member states. That disappearing will be a major issue. The threat of that happenning is already a major issue, I know of many firms in the process of moving operations to the mainland.
graunch
@jaw
This statistic is a bit depressing. 29% of all tax intake comes out of London.
As much as brexit was about taking control of our own country I strongly believe that it means giving even more control to the banks as an independent Britain can't afford to lose the banking sector.