Theresa May has made clear that the UK government’s Brexit strategy is to leave the single market and customs union. It ends months of speculation over whether or not it will be a “hard” or “soft” Brexit. The one audience that was prepared for this, it seems, was the City of London. In fact, The CityUK, the finance industry’s main lobby group, recently published a list of its key Brexit priorities for the UK’s financial services industry. It had one glaring omission: it did not ask the government to maintain its financial passporting rights.