The consequences of Brexit for the City of London.

If Britain leaves the EU, banks would shift some of their activities into the EU. The remaining member states would insist that Britain sign up to many rules in exchange for more limited access to European markets than it currently enjoys. A British exit would damage the City, rather than setting it free.

• Primary Source

ESO: In Focus: Brexit - The United Kingdom and the European Union http://www.europeansources.info/record/brexit-the-united-kingdom-and-the-european-union/

ESO: Background information: Goldman Sachs exec warns European banks will quit London if UK leaves EU http://www.europeansources.info/record/goldman-sachs-exec-warns-european-banks-will-quit-london-if-uk-leaves-eu/

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