Bruce Carnegie-Brown
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- Milken Institute1h 2m
London Falling? Fact vs. Fiction
Francesco Guerrera, Bruce Carnegie-Brown, Kevin Klowden, Howard Shore, Hubertus Väth, Jasmine Whitbread
A diverse panel of financial leaders and policymakers debates the impact of Brexit on London's status as a global city, contrasting Hubertus Frankfurt's claims of imminent job losses with Howard Shaw's view that the metropolis will remain a top-tier hub. While experts emphasize that London's future depends on retaining international talent and resolving housing deficits, regulatory pressures are already forcing major institutions to relocate operations to Frankfurt and Brussels to mitigate uncertainty. Ultimately, the consensus identifies prolonged ambiguity in government strategy and immigration policy as the most immediate threat to business confidence, outweighing the specifics of the final deal.