The United Kingdom’s (UK) withdrawal from the European Union (EU) will reshape the geography of European finance. From January 2021, the UK will no longer be able to sell financial services cross-border into the EU’s Single Market as it has done as a Member State. Through what are called passporting rights, these financial services exports from London to the EU have been central to London’s competitiveness as an international financial centre and the wider importance of financial services in the UK’s political economy. They have also provided a range of financial services to businesses and individuals in Europe. In this commentary, we examine the implications of Brexit for the financial services sector and for conceptual understandings of finance in economic geography and cognate social sciences. We argue that at the European scale, Brexit is giving rise to growing fragmentation of financial services to a range of European financial centres. Meanwhile, within the UK, finance is likely to become more concentrated in London as renewed processes of spatial concentration that have characterised previous economic shocks develop. Our analysis shows that that in order to understand these seemingly diverging geographies it is necessary to understand financial services as both economic and political practices.

中文翻译：

---

欧洲金融中心的新兴地理：欧盟的分裂和英国的集中？

英国（UK）退出欧盟（EU）将重塑欧洲金融的地理格局。从 2021 年 1 月起，英国将不再能够像作为成员国那样向欧盟单一市场跨境销售金融服务。通过所谓的通行权，这些从伦敦到欧盟的金融服务出口对于伦敦作为国际金融中心的竞争力以及金融服务在英国政治经济中的更广泛重要性至关重要。他们还为欧洲的企业和个人提供了一系列金融服务。在这篇评论中，我们研究了英国退欧对金融服务部门以及经济地理学和同源社会科学中金融概念理解的影响。我们认为，在欧洲范围内，英国退欧导致一系列欧洲金融中心的金融服务日益分散。与此同时，在英国，随着以先前经济冲击为特征的空间集中的新过程的发展，金融可能会更加集中在伦敦。我们的分析表明，为了理解这些看似不同的地域，有必要将金融服务理解为经济和政治实践。