London’s Less Vital After Brexit Than Banks Think, EU CEOs Say
- U.K. warns cutting off access to bloc would hurt EU firms more
- EU companies say they can turn elsewhere if City loses access
Weak Pound Good for Belstaff and Global Shoppers: Haig
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Executives across the European Union are dismissing warnings from the U.K. that their companies will suffer if banks in London lose full access to the bloc after Brexit.
Capital and skills are mobile and banks on the continent will step in to pick up business if London-based financial-services firms are no longer permitted to operate freely throughout the EU after the U.K. leaves, company officials and lawyers said.