UK downplays risk of EU poaching City of London business

© Reuters. FILE PHOTO: Skyscrapers in The City of London financial district are seen in London

LONDON (Reuters) – Britain on Sunday downplayed the risk of the European Union taking business away from the City of London after Brexit, saying the real challenges come from New York, Tokyo and other areas.

Britain completed its exit from the EU at the end of 2020, but the last-minute free trade deal that replaced membership of the bloc did not include arrangements for free trade in financial services – the engine of Britain’s econo