LONDON: For decades, Britain’s bankers have relied on their industry’s outsized status in the economy to find a receptive ear in government.
But in the aftermath of the country’s vote to leave the European Union, the sector that generates about a tenth of national economic output is grappling with an uncomfortable new reality where economics doesn’t always trump politics.
June’s vote to quit the EU has triggered a change in leadership and tone in the British government with new Prime Minister Theresa pledging an industrial revival and to build “an economy that works for everyone” – setting nerves jangling in the City of London global financial hub.
Reuters spoke to several senior bankers from big British and international banks based in the city, including some involved in discussions with the government over Brexit.
