The veteran private equity boss Guy Hands has said that Brexit has not only damaged the UK’s financial services industries but shattered peace in Europe.

In a hard-hitting op-ed published on 6 March in Financial News' sister title Private Equity News, Hands says that “the UK’s position as Europe’s leading financial services hub is at risk and the balance of peace and democracy in Europe has been shattered. My view is that Brexit is largely to blame for both.”