Stephen Cranston Associate editor

Iwas lucky enough to be hosted by large asset manager Schroders at its London head office last week. I have not seen such a smooth, professional presentation since the peak of the Fidelity marketing machine 15 years ago. All that was missing was the praise singing by veteran Stanlib marketer Paul Hansen. Many of the presentations consisted of softball interviews by members of the Schroders communications department. No journalists or other third parties were allowed on stage. We were, however, given the opportunity to conduct interviews with senior members of the team away from the PR candy floss. I met the senior European economist Azad Zangana to get some honest opinions on Brexit. One practical effect will be that EU citizens who want to work in London will need visas, and Britons will need them to work on the continent — though short tourist and business trips should remain visa free. British taxpayers will pay £40bn in the divorce, and might even have to pay more in future. The...

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