Bloomberg says London will remain Europe's financial capital

From BBC - November 14, 2017

Michael Bloomberg, the businessman and former New York mayor, said London will remain a global financial capital after Brexit.

He told the BBC that the UK's departure from the EU would probably slow the capital's growth, but would not see it eclipsed by a European rival.

London's benefits were its culture and the English language, Mr Bloomberg said.

Recently he called Brexit the "single dumbest thing" a country has ever done.

Mr Bloomberg, whose data terminals are used by many dealers and bankers, last week opened a new European headquarters in London between the Bank of England and St Paul's Cathedral.

The 3.2 acre site has more than one million square feet of office space.

Asked on BBC Radio 4's Today programme if he would have gone ahead with the major development had be known about the Brexit decision, Mr Bloomberg said: "There's just no question in my mind ... [we] absolutely would have because London is always going to be the financial centre of Europe for the foreseeable future."


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