Breakingviews

May’s migrant musings a cautious positive for City

September 5, 2016

The UK prime minister has cast doubt on the efficacy of a so-called points-based immigration system post-Brexit. That sounds good for UK financial firms hit by restrictions on non-EU workers. The catch is Theresa May has little choice but to get net migration down somehow.

The City will survive Britain’s big rift

July 19, 2016

The UK's Brexit vote threatens London's financial hub-ness, but it would be wrong to think in simple binary terms. Even at worst, the costs to a global bank of staying on in the UK are likely to be counterbalanced by the costs of leaving. And really, it's clients who will decide.

Brexit job risk threatens more than just bankers

April 15, 2016

The UK might miss out on 100,000 finance roles by 2020 if it quits Europe, a trade group says. The reason those outside the City should be concerned is that the real impact could be wider and more prolonged. The trouble is, immediate job losses elsewhere may seem a bigger risk.

Boris should pay up but not shut up over U.S. tax

November 24, 2014

The London mayor, an American citizen, objects to paying a U.S. capital gains levy on his UK residence. Uncle Sam’s ex-pat tax laws are worthy of reform. But if Johnson really cares about that, the way to show it is to clear his debt and then campaign for change.

Cazenove’s yield may muddy JP Morgan deal

September 23, 2009

Five years after Cazenove poured its investment banking business into a joint venture with the U.S. bank, JP Morgan, it has to decide whether to sell the remainder -- or to hang on.