Number one square mile lobby group TheCityUK has performed a complete u-turn, abandoning its Remain position and instead embracing Brexit. TheCityUK – which represents major banks and professional services firms – said leaving the EU is a “once-in-a-generation opportunity” and declared:

“TheCityUK is a strong believer in the potential opportunities that the UK’s departure from the European Union will offer.”

Before Brexit they said:

“A Brexit risks damaging our industry in the UK through uncertainty, reduced market access and a loss of influence over trading conditions. Major global businesses also come to London to access the Single Market – but that position is dependent on the legal freedoms made available by the Treaties and Single Market legislation. The overall competitiveness of the UK as a place to do business would therefore be threatened by Brexit.”

Screech…