These are strange times. One of the UK’s only globally competitive sectors is being thrown under a bus.
Bank of America has confirmed a $400m move of its European headquarters to Dublin, joining others that have shifted staff and funds since the Brexit referendum. Yet there is near silence from the City of London. How come we have heard so little from a sector that stands to lose so much?
This is doubly odd, in that there is, in theory, all to play for in months to come. Let’s assume that a deal with the EU is agreed by the UK parliament by March 29. What next? Conclusion of the withdrawal agreement allows negotiations to start on the future trade relationship traced out by the non-binding political declaration agreed by the UK and the EU in November.