The latest withdrawal agreement from Theresa May was soundly rejected by Parliament and now uncertainty takes center stage as a government turnover looks possible; fintech leaders believe there is ample opportunity for other European cities to take the lead in attracting top tier talent, which is one of London’s biggest advantages; ensuring London keeps talent is the biggest question facing the market, when a deal is finally reached what will it look like and how will immigration shake out; London will always be a key player in fintech but staying at or near the top is very dependent on attracting new talent from outside the country; there is some difference of opinion on how big Brexit will effect fintech in the long term, though operating in limbo has caused a number of issues as well; coming to a clearly defined decision will not only remove uncertainty but help companies make long term plans. Source.
