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Business Daily: Brexit and London's Financial Status

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Brexit and London's Financial Status

27/02/2017 GMT

BBC World Service - Business Daily, Brexit and London's Financial Status

German banker Dr Andreas Dombret says Brexit will not topple London's financial crown

German banker Dr Andreas Dombret  says Brexit will not topple London's position as Europe's premier financial centre.

London is Europe's premier financial centre with trillions of dollars flowing through the capital every day. But what happens after Brexit? The UK is now just weeks away from triggering Article 50, the two-year process under which the country leaves the European Union. Dr Andreas Dombret, a board member responsible for supervision at Germany's Bundesbank, argues London will retain its financial crown and says that the UK's financial sector should not be penalised for Brexit. 

Also, as London Fashion Week draws to a close, Elizabeth Hotson reports on what Brexit means for the country's clothing industry, an integral part of the 'Cool Britannia' brand. Plus, our regular commentator, Lucy Kellaway of the Financial Times, says there's a very simple trick to being persuasive - be polite and flatter unrelentingly.

(Photo: London skyline. Credit: Dan Kitwood/Getty Images)

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