City of London Well-Placed to Thrive Post-Brexit, Boris Johnson Says
- Prime Minister speaks in Bloomberg interview ahead of summit
- ‘Far fewer’ bankers than expected left London, Johnson says
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Boris Johnson said the City of London will prosper outside the European Union, noting job losses and disruption to capital flows have been lower than feared.
The U.K. prime minister said in an interview with Bloomberg Editor-in-Chief John Micklethwait that banks moved “far fewer” roles to other European cities than they originally threatened. He expects Britain and the EU will work together to protect their intertwined financial markets, despite ongoing rows over Northern Ireland and fishing rights that have complicated progress.