London must act.
The only real threat posed by a hard Brexit is the prospect of cataclysmic technical barriers being thrown up, like the nonrecognition of British commercial aircraft licenses in the EU. But of course these too cut both ways. It’s hard to imagine EU airlines giving up their precious landing slots at London’s Heathrow airport, which have been valued at $75 million for a single slot. Or EU banks giving up access to London’s capital markets.
Read this story at The National Interest