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Look maybe I'm blinkered and totally wrong, but I just cannot see the demise of London as one of the top two global financial centres because of Brexit.
It depends on the ancillary stuff to a degree. I heard loads of people saying that they were going to leave if nondom fees came in. Surprise, surprise when it came to it the prospect of moving their families away from UK private schools and London life suddenly didn't seem all that appealing. But a general feeling that you're not welcome anymore coupled with shitloads of life Admin might play out differently for some people than simply coughing up some money.
Imo the greater worry is that with advances in technology, Brexit is a great motivator for many larger institutions and employers to restructure how they operate and reduce staff. In that event it is all well and good having billions flowing through financial services, but if they're hardly employing anyone a huge amount of tax revenue and economic stimulus disappears. It is also the perfect time for lots of smaller services to move to places like Malta.
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hugo7
Take investment management firms as an example. Most of them have set up umbrella companies in Dublin and/or Luxembourg to service European clients whom for whatever reason cannot legally contract with a non-EU entity. Aside from that it's pretty much BAU. Look maybe I'm blinkered and totally wrong, but I just cannot see the demise of London as one of the top two global financial centres because of Brexit.