London’s Finance Industry Has Decided: Brexit Is Already a Reality

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London’s Finance Industry Has Decided: Brexit Is Already a Reality
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More than $1 trillion in assets have been earmarked for transfer from London's financial hub since the 2016 Brexit vote

LONDON—There is one certainty in Brexit: London’s pre-eminent role in global finance has been diminished.

On Tuesday, the U.K. Parliament is scheduled to vote on a last-ditch effort to strike a deal on the country’s exit from the European Union. Talks were deadlocked Monday, but many politicians warned that Prime Minister Theresa May could face another humiliating defeat for her latest plan.

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