The WSJ writes that the UK annually exports £79 billion worth of financial services to the EU27.
Large numbers are hard to grasp. This means that each EU27 citizen buys 16 Euros worth of financial services each month.
What are these services? Do I have pay 16 Euros more for my groceries since the conglomerates that produce them pay London lawyers so much for some fancy tax evasion schemes? What are all those lawyers and accountants doing anyway?
The City of London (which is where most of these services get made) sells around 6 times more as finservs across the channel than the entire globe spends on toothpaste.
Now smile.