, Columnist
That Giant Sucking Sound is Post-Brexit London Losing Out
The U.K. capital’s rivals are slowly carving chunks out of its business.
There won’t be so many commuters like these.
Photographer: Chris Ratcliffe/BloombergThis article is for subscribers only.
Lingchi is the Chinese word for a form of torture in which flesh was systematically sliced from the body of the condemned, resulting in death by a thousand cuts. It was banned there in 1905; but, with Brexit looming, the practice is set for a revival in the City of London.
The British government continues to be riven by disagreements over what it wants its future relationship with the European Union to look like. And while the U.K. so far has only had one referendum on Brexit, the financial services industry gets to vote as often as it wants — and it is signaling deep disquiet with the likely outcome.