![\"Getty](\"https:\/\/www.europesays.com\/britain\/wp-content\/uploads\/2026\/04\/GettyImages-2154617464-e1764336196462.jpg\")
\t\tThe City has boomed post-Brexit but faced domestic challenges.\t<\/p>\n\t\t\tFriday 03 July 2026 5:00 am
\n\t\t\t\t\t\u00a0|\u00a0\u00a0Updated:\u00a0<\/p>\n
\t\t\tThursday 02 July 2026 3:57 pm\n\t<\/p>\n
\t\tThe City has boomed post-Brexit but faced domestic challenges.\t<\/p>\n
The City of London has cemented its dominance in international finance ten years on from the Brexit vote<\/a> but faced sobering domestic growth that failed to match the momentum.<\/p>\n The capital sees more international activity conducted than the next eight largest financial centres in Europe combined, according to a new report by New Financial.<\/p>\n The UK was given an overall score of 54 by the think tank, which grades hubs on the dollar value of market activity they attract compared to the largest player on earth, the US.<\/p>\n London\u2019s rating towers above the combined value of Germany (13), Luxembourg (9), France (9), Netherlands (7), Ireland (5), Switzerland (5), Spain (3) and Sweden (3).\u00a0<\/p>\n The figures come ten years after Britain\u2019s vote to leave the European Union shocked markets and sparked fears of a financial services<\/a> exodus.<\/p>\n Fears emerged that a fleet of well-paid City jobs would move over to hotspots across the 27-state bloc. Whilst Wall Street\u2019s top banks have added around 11,000 employees to their EU branches post-Brexit to comply with European regulatory requirements, the City has continued to flourish.\u00a0<\/p>\n The total number of jobs in London\u2019s booming financial hub has ballooned to some 675,000 from around 500,000 previously, according to data<\/a> from the Office for National Statistics.<\/p>\n International market activity in the UK grew by 20 per cent in the last ten years, surpassing the global average of 17 per cent.\u00a0<\/p>\n But on the domestic front growth was a sluggish three per cent \u2013 far below the average 18 per cent \u2013 revealing a stark divide between the City\u2019s global appeal and the reality of its domestic economy.<\/p>\n \t\t\t\t\tRead more<\/p>\n \t\t\tFenchurch Advisory Partners to Combine With Broadhaven Capital Partners, Creating the Preeminent International Investment Bank Serving the Financial Services Sector<\/a><\/p>\n \tDomestic performance \u2018not good news for UK\u2019<\/p>\n New Financial warned the City\u2019s dominant international display was \u201cmuch more significant than its domestic role in financing the British economy\u201d.<\/p>\n Compared to its mammoth international finance score, the City scored a mere nine for its domestic financial activity, putting it in fourth place globally.<\/p>\n \u201cThis is not good news given the UK\u2019s need to boost economic growth and close its significant investment gaps,\u201d the report said.<\/p>\n The domestic side of the index measures market activity that is tied to one destination such as banks lending money to local companies or funding infrastructure.<\/p>\n