What will Brexit mean for the City of London? Whatever terms Britain manages to negotiate with the other 27 member states, countries across the EU are eager for a bigger bite of the financial services sector that the City enjoys the lion’s share of today, say Financial Editor Patrick Jenkins and FT reporters. The big question is which rivals are likely to benefit most

 

Israel is a world-class expert at building fences and walls, starting with its controversial, decade-old security barrier that seals off the occupied Palestinian West Bank and East Jerusalem from Israel proper. In this report, FT correspondent John Reed describes how Israel is now extending its system of high-tech barriers to enclose all of its external borders, providing a model that US presidential candidate Donald Trump says he wants to learn from.

 

With sterling heading south and no sign of an end to UK political instability, the market will be looking to the Bank of England governor to calm nerves, Baring Asset Management’s Alan Wilde tells Roger Blitz

 

Much of what will happen after Brexit remains obscure, but in this special post-referendum podcast, FT Money deputy editor James Pickford and guests discuss the ramifications for the future of British investments, property and pensions.

 

How far will Frankfurt and Paris go to claim the business of the City of London once the UK has left the European Union? Which other cities are in the running and how many jobs does London stand to lose? Gideon Rachman puts these questions to Michael Stothard, the FT’s Paris correspondent and James Shotter, Frankfurt correspondent.

 

Scottish voters emphatically backed the campaign for the UK to remain in the EU and are deeply dismayed at the prospect of being force to leave. Nicola Sturgeon, Scotland’s first minister, has launched a diplomatic campaign to secure Scotland’s European status. Mure Dickie, FT correspondent in Edinburgh, reports.

 

An exhibition at London’s British Museum this summer tells the story of Sicily, showing how successive waves of conquest and settlement from northern Europe, Africa and the Middle East shaped the Mediterranean island’s history. In collaboration with the Financial Times, the museum invited Tom Holland, historian, Ian Goldin, economist, and journalists Roula Khalaf and Daniel Trilling to discuss the exhibition and how migration continues to shape our modern-day societies. The discussion was chaired by broadcaster Zeinab Badawi

 

Spain’s second election in six months has delivered a surprisingly clear victory to Mariano Rajoy, the veteran prime minister, whose conservative Popular party won 33 per cent of the vote. However, he will still need the support of coalition partners to form a government. Joshua Chaffin discusses Mr Rajoy’s options with Tobias Buck, the FT’s Madrid correspondent.

 

International banks have used London as a pivot into the European single market, but are likely to lose these so-called “passporting” rights to operate in the EU once Britain is no longer a member. Patrick Jenkins discusses what impact this will have on the City of London with Martin Arnold, the FT’s banking editor and Simon Gleeson, a partner at law firm Clifford Chance.
Music by Kevin MacLeod.

 

Patrick Jenkins and guests are joined by Simon Gleeson, a partner at law firm Clifford Chance for an extended discussion on the implications of Britain’s vote to leave the European Union for foreign and UK banks in the City of London.