I didn't expect tech to significantly leave London unless it became a lot harder to hire foreigners in the UK, and as far as I know it hasn't - non-EU immigration has increased hugely since Brexit. Unlike e.g. food or manufactured goods, software and related services don't have tight regulatory borders and the services are generally sold globally, not into discrete markets.
Finance is deflating like a slow puncture. There's fewer listings in London[1]. Open positions[2] is another early indicator. I believe the US is generally a bigger beneficiary than any EU competitor city. There is no emerging EU alternative to London, instead other cities are consolidating in specific verticals. It's a bit tricky to split out finance industry trends from the broader economy of course.
Finance is deflating like a slow puncture. There's fewer listings in London[1]. Open positions[2] is another early indicator. I believe the US is generally a bigger beneficiary than any EU competitor city. There is no emerging EU alternative to London, instead other cities are consolidating in specific verticals. It's a bit tricky to split out finance industry trends from the broader economy of course.
[1] https://www.standard.co.uk/business/peel-hunt-london-listing...
[2] https://www.efinancialcareers.ch/en/news/2024/01/brexit-bank...