The Brexit Vote: A Financial Case For Visiting London And A London Neighbourhood Guide

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Ever since the “Leave” campaigners won the referendum about whether Great Britain should divorce herself from the European Union, much has been made about whether London will remain as Europe’s financial capital. Pundits argue for and against the notion that it is even remotely possible that London will be able to continue as Europe's financial centre.

Simeon Djankov explained in an article titled "Why London won’t lose its crown as Europe’s financial capital" why London, and by extension the United Kingdom, will remain Europe's financial capital in spite of the French Prime Minister's announcement that "groups based in the City are planning to leave for Dublin, Amsterdam, Frankfurt and Paris."

Reasons why London will remain Europe’s financial capital

Djankov opines further that there are three reasons why EU corporations will keep their head offices in London. In summary, these reasons are as follows:

The UK has an incomparably superior tertiary education system in the fields of business, finance, and economics. Therefore, it makes sense that global corporations retain their London head offices as they will have easy access to some of the brightest financial minds in the whole of Europe.

The UK has tax and employment regulations and laws that are conducive to the growth and profitability of the financial industry. Thus, it makes sound financial sense for financial institutions to remain headquartered in London.

The British legal system prides itself in its ability to uphold the rule of law, especially when it comes to the protection of creditor and shareholder rights. Ergo, European corporations feel safe in the knowledge that they are protected against unfair business practices.

Visiting London: a guide to London's neighbourhoods

If you are visiting London for business, it makes sense to stay close to the London business district where your business meetings are, unless of course, you prefer to stay in the one of the major tourist areas. To determine where to stay in London, I believe it is a good idea to work out what your reasons for visiting the city are.

For example, you know that your primary reason for visiting London is for a number of business meetings in the financial district of London. Therefore, if you are only staying a couple of days in London and most of your time will be spent in meetings, it’s a good idea to stay in the South Kensington area.

On the other hand, should you have time to travel to the office where your meeting is being held, and you are passionate about absorbing as much of the historical heritage that London offers, I believe that it is wise to stay in either Mayfair or St. James.

Final words

There is a sound business case for most of Europe’s corporate headquarters to remain in London. Therefore, should you need to travel to London for business, I believe that it is worthwhile spending as much time in London as possible in order to absorb the rich cultural and historical heritage that London offers her visitors.

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