Hedge your bets if you want to write off post-Brexit London

Though it may be running a little scared, the City props up the UK, and a report by PwC says London is resilient, agile, and great at adapting, writes John Lloyd

The City of London, with New York one of the two greatest financial centres of the world, is under a greater threat to its primacy than at any time in its 20th and 21st century history. How it manages that threat will be central not just to the British economy, but also to the island’s constitutional and social wellbeing.

The City has been a huge strategic and financial asset to the UK for almost 200 years. But Brexit has put it in some danger, and, even as it is under attack from abroad, the City can’t count on much popular support at home.