![]() Seventy-eight percent of Britons now want a closer relationship with the EU, according to a joint poll by DeltaPoll and the Tony Blair Institute for Global Change published on Thursday. Elected mayor of London in May that year, Sadiq Khan, 52, a member of the Labour Party and one of the UK's leading voices on the left, discussed the choice and its consequences at a press conference he held for Le Monde and other European newspapers on Friday, June 23. On June 23, 2016, 52% of Britons voted to leave the European Union (EU). Subscribers only London Mayor Sadiq Khan arrives at Westminster Abbey prior to the coronation of King Charles III, London, May 6, 2023. Among those are Amundi, Legal and General Investment Management and Pimco.London Mayor Khan says 'Brexit has weakened' the UKĮxactly seven years after the UK's vote to withdraw from the EU, the Labour politician advocates a debate on the country's return to the single market and the European customs union to soften the effects of the break-up.īy Cécile Ducourtieux (London (United Kingdom) correspondent) Published on June 25, 2023, at 4:30 pm (Paris) However, larger asset managers, who tend to prefer the City to Mayfair have actually increased their London headcount since the 2016 referendum. Should that happen, then UK hedge funds and asset managers would have to base more of their staff and operations inside the EU. EU regulators have called for toughening rules that allow asset managers to run an EU-based fund from outside the bloc. And many prominent managers, such as Crispin Odey, Paul Marshall and Michael Farmer, were vocal proponents of Brexit. Mayfair remains the heart of the European hedge fund industry. Receive alerts when a new part of this series is published by adding London fights for its future to myFT London’s markets rivalry with EU intensifiesĬan the UK stock market get its mojo back?ĭublin-on-Thames? City leaders debate the post-Brexit future How London’s reach will shrink after Brexitįinance jobs stayed in London after Brexit vote In a series of articles, the FT examines how London's financial centre will fare in the decades ahead as Brexit negotiations reach their climax. ![]()
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