In this Federal Trust Briefing, financial expert Graham Bishop argues that three years after leaving the EU, there are no discernible signs of any benefits from Brexit for the UK financial sector. As the City’s leaders are recognising with growing alarm, the City’s international standing is slowly sinking. Leadership seems to be slipping away from the UK in many fields as the EU continues to exercise its soft power of setting global standards. Graham sees no plausible route towards significant improvement for the UK’s situation outside the European Union. Without a buoyant financial sector, the problems of the British economy can only get worse.