Economics

What Will Become of London After Brexit?

The ‘soft power capital of the world’ risks  falling victim to a hard EU divorce.

Hintz: London Will Remain Financial Center Post-Brexit

Photographer: Chris Ratcliffe/Bloomberg
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London, founded by Romans, reinvented by Dutch traders and enriched by French and Jewish bankers, is facing a potentially damaging test: Can its ability to attract international talent and wealth survive a hard Brexit?

The city of almost 9 million people is the "soft power capital of the world," creating 235,000 new highly skilled jobs in 2014 and 2015 alone, according to a study the global accounting firm Deloitte published shortly before the referendum on Britain’s membership in the European Union. Executives are drawn from a wider array of countries than any other. Even New York ranked a distant second.