The impact of Brexit on the City and the British economic model
This brief is the first of a series drawing on the project ‘Diverging Capitalisms? Britain, the City of London and Europe’ led by Feps, Policy Network and Speri, which aims to consider the changing nature of the British economy, its place within the European economic space and the consequences of a possible Brexit. The findings presented here take the analysis developed as part of the workshop entitled ‘Diverging Capitalisms, Part 1: The City after the crisis’ held in London in April 2016 as a starting point, and seek to read this in the light of the results of the recent Brexit referendum.
In this brief the authors consider the impact of Brexit on the City, focusing on two key aspects of the debate: the tensions between the City and democratic politics, and the challenges for the future of the City posed by the vote on 23 June for Britain to leave the European Union.
This policy brief is a product of our joint research programme with Speri and Feps and following a recent event at which the subject was debated.
Analysis by Helen Thompson and Leila Simona Talani, with additional research and writing by Colin Hay, Renaud Thillaye, Scott Lavery and Arianna Giovannini