LONDON (CU)_Since the United Kingdom’s withdrawal from the European Union in January last year, there have been concerns over its impact on the City of London, as large amounts of financial business began drifting to other European financial centres, as well as to Asia and the United States. Earlier this year, Amsterdam overtook London as Europe’s largest share trading hub after average daily trading in which was previously the sixth largest exchange centre in the continent escalated from €2.6bn (£2.3bn) to €9.2bn in January, as exchanges shifted order books abroad following Brexit.
As concerns grow over the future of the City, the United Kingdom’s Chancellor of the Exchequer hopes to remedy the situation by…
