Has The City Of London Benefitted From Brexit As The Golden Days Continue To Fade?

Three years after leaving the EU, there are no discernible signs of any benefits for UK finance. Instead, there are multiplying, and worrying, signs of a lack of substance to the initial, bold slogans. The MoU on financial service co-operation with the EU is revealed as a talking shop that leaves EU autonomy unfettered. The City’s global standing is slowly sinking, and leadership seems to be slipping away from the UK in many fields as the EU continues to exercise its soft power of setting standards that acquire global standing due to its economic scale.