London stays top in finance post-Brexit
London has lost its status as the largest financial center in the European Union following Britain's departure from the bloc ten years ago, as it no longer facilitates its financial services within the Union due to the loss of the "passporting" system. Nevertheless, London remains the biggest financial hub in Europe, with the financial sector generating approximately £307 billion in 2024 and employing over 2.4 million people. Data shows that the relocation of some assets and jobs to other European cities like Paris, Frankfurt, and Dublin has contributed to the sector's decline. However, London still maintains its global position, with its ties to EU markets remaining significant.
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