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After Brexit, London's Fintech Future Foggy at Best

Over half of Europe’s financial technology "unicorns" are in the London area. The decision to quit the EU is already threatening the ecosystem that allows London to trade within the EU, as well as its status as hub for fintech jobs and technology
July 1, 2016, 9am PDT | PabloValerio | @pabl0valerio
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Londoners are furious at their fellow Brits. Residents of the capital and surrounding counties voted unequivocally to keep the United Kingdom in the European Union. But their compatriots further north — in fact almost everywhere in England and Wales outside the home counties — voted “Leave”, starting a derailing process that will take the UK out of European institutions in about two years, although it could take much longer.

While the consequences for the British economy, and by extension to the rest of Europe, are already beginning to be felt, the people of London are bracing for bigger loses as most of the lucrative financial, real estate, and tech businesses will be affected.

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Published on Tuesday, June 28, 2016 in Cities of the Future
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