[IkmoIkmo]

London was the de facto capital (as in, economic powerhouse) of the EU, where you'd create your EU headquarters for its connection to the EU, its most talented individuals, its market, and to some extent its political connections.

This will no longer be true. No longer will you have automatic access to the rest of the market, no longer can talent so easily flow, no longer does the UK hold a 10% vote in the EU, no longer will it carry the image of being the capital of the EU by definition of it being outside of the EU. Many of the incentives to incorporate in London will shift to other destinations.

And that'll surely have repercussions, I won't use terms like full on collapse or anything like it, but I expect consequences will be quite substantial.

[illumin8]

Thanks for clarifying it in a way that's perhaps a little less hyperbolic than my "full on collapse." I think it's important to understand the passporting agreements between banks in the UK that allowed them to essentially act as if they were banks in the EU created a ton of prosperity over the last several decades (2.1 million jobs in finance alone in the UK).

This industry is going to take a huge hit, and frankly, even if you don't work in finance, you should care because it will impact everyone in the country.