London is still europe’s financial capital’

Getty Images

Michael Bloomberg, businessman and former mayor of New York, has said that London will remain a global financial capital after Brexit.

He told the BBC that the UK departure from the EU would probably slow down the growth capital, but is not eclipsed by a European rival.

London benefits were his culture and the English language, Mr. Bloomberg said.

Recently, it has called Brexit “the single dumbest thing” a country that has never done before.EU business groups to call for Brexit deal

Mr. Bloomberg, whose data terminals are used by many traders and bankers, last week opened a new European headquarters in London, between the Bank of England and St Paul’s Cathedral.

3.2-hectare site has more than a million square feet of office space.

Asked on BBC Radio 4’s Today programme if he would go ahead with the development of the had to learn about the Brexit decision, Mr. Bloomberg said: “There is no doubt in my mind … we absolutely would have because London is always going to be the financial centre of Europe for the foreseeable future.”

Nigel Young/Foster + Partners

London has had a wide range of attractions unmatched by any other European city: “the things that the finance sector needs. Is the English language, with the family, he has a lot of culture, so that you can attract these people here, because, remember, if your family does not live here, you can take a job here, so that has to be attractive.”

The capital’s commuters may be surprised to hear Mr. Bloomberg also highlighted London’s transport system as a “plus”: “this is a city with the best means of transport and communication and the scale, and is already here, so it is difficult to see that going away.”

However, he said that the rate of growth of capital as a financial centre would be retained as a result of the Brexit vote: “Some jobs move, even though it may very well be replaced, but the rate of growth of London’s financial centre, but it is not certain what it would be if Brexit is not the case.”

Mr. Bloomberg added: “New York is the financial center of the United States. London is the financial centre of Europe. It is going to stay that way for a long period of time.”

He returned to the helm of Bloomberg, the data and financial news company he founded more than three decades ago, in the month of September 2014.

Mr Bloomberg still owns 88% of the company and took up the role less than a year after the end of his stint he was mayor of New York.