Much of London's 700,000 strong Financial Industry preparing to move to Mainland Europe because of Brexit

Whether the U.K. secures a deal for the sale of products across the EU—so-called passporting—is crucial but could take years to determine. The negotiating process for the U.K.’s exit isn’t likely to start until fall at the earliest. But already, clients want banks’ reassurance there won’t be disruptions in their services, said Simon Gleeson, a partner at law firm Clifford Chance.

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Taxation and labor laws, as well as cost of living, will factor into firms’ decision-making. Before the Brexit vote, the U.K. marketed itself as the business-friendly gateway to Europe. It benefits from lower corporate tax rates and more flexible employment laws than Germany and France.
France in particular has strict rules; firing permanent employees usually requires negotiating large severance packages, and efforts to loosen labor laws have fallen short.
But French officials point to tax breaks they offer for moving employees to France, and financial-sector groups say they are increasing their lobbying for broader tax cuts to attract banks.
And Ireland is increasingly giving the U.K. a run for its money, luring companies with a corporate tax rate of 12.5%.

Financial-industry players are exploring their options. On Thursday, several British bank chairmen urged authorities not to force them to shift businesses out of the U.K. But stock-exchange operators sounded a more pessimistic note.
The chief executive of Europe’s largest stock exchange said it is “highly likely” to establish a presence in the eurozone.
“Unless we get an early and clear view on the U.K.’s negotiations with the EU, which I don’t think is likely, we are highly likely to set up a eurozone legal entity [in addition to the London headquarters] just because it provides us with some certainty,” said Mark Hemsley, chief executive of Bats Europe.
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European Cities Battle for London's Finance Crown After Brexit Vote

The problem appears to be that with Brexit everything is uncertain as to business dealings with the EU. Therefore banks and other financial businesses must hedge their bets by setting up offices and businesses in Mainland Europe now in order to survive better whatever changes are coming down the pike. This might mean a good portion of the 700,000 person financial industry now in London will be leaving soon (or losing their jobs) creating a real recession in London and surrounding areas very soon.

The more I look at all this the application of Brexit will be like Britains cutting their own throats at this point in time. 

 For the little man and little woman having more control of their decisions as a country sounds pretty good. But, after 40 years in the EU it is sort of suicidal economically for London and to a lesser degree for the whole world.

I don't think Brexit realistically can be implemented without destroying London as a financial Center for Europe for all time.

As you can now see it is presently destroying the financial center of London right now. 

The blame for all this should not be put on British voters but on Russia, Iran and Assad for causing the refugee crisis for Europe in the first place. Let's put the blame where it actually belongs. So, one way to look at this is this is a KGB caused type of nightmare for London and for All of Europe in the EU.

And unfortunately, because Putin was successful in destroying the EU in England he might try this elsewhere too. So, for him millions more Sunni Muslim refugees might just give him Eastern Europe or Europe itself. So, for him it is perfect revenge for being stopped in Ukraine from taking over that country.