A big shock in China would have a bigger impact on the UK says his nibs

It always comes down to China doesn't it?

  • Brexit could two potential factors that point to higher mortgage rates, possible higher inflation and bank rate
  • London's financial weight could shrink after an exit
  • It would be less likely that the City would retain its pre-eminent position as a financial centre (well, at least until the EU plonkers bring out the FTT)