London World’s Top City for Financial Services

London remains the top city in the world for financial services despite a widespread scaremongering from remainers who claimed its prowess would be diminished post-Brexit. London leads this year’s Z/Yen global financial centres index, CityAM reports, and is the only European city in the top 15 of 110 listed. Frankfurt, widely tipped as a beneficiary of a ‘Brexodus’, fell nine places. The index draws on 103 data points provided by global organisations and a survey of 2300 financial professionals. They rated London as having the most competitive business environment, a better reputation than any of its rivals, and the best financial infrastructure.

A central argument made by remainers during the campaign and after was that Brexit would have a negative impact on the City. The Bank of England said 75,000 jobs in financial services would be lost. LSE Chief Xavier Rolet said 200,000 would go. Goldman CEO Lloyd Blankfein famously tweeted he would be “spending a lot more time” in Frankfurt (despite his firm expanding its London office). None of these predictions have come off – in fact, London has remained the world’s leading city for finance, streets ahead of any European rival. Experts, eh…




Tip offs: 0709 284 0531
team@Order-order.com

Quote of the Day

Dominic Cummings says a second referendum would smash the party system…

“… the logical corollary will be to morph into a new party and fight the next election ‘to implement the promises we made in the referendum because the MPs have proved they can’t be trusted’. “

Sponsors

Guidogram: Sign up

Subscribe to the most succinct 7 days a week daily email read by thousands of Westminster insiders.
Who Can Beat Corbyn? Who Can Beat Corbyn?
READ: Number 10’s Chequers Slides For MPs READ: Number 10’s Chequers Slides For MPs
Brexiteer Andrea Jenkyns Receives Extreme Abuse Brexiteer Andrea Jenkyns Receives Extreme Abuse
Undead UKIP Poll Rise Terrifies Tories Undead UKIP Poll Rise Terrifies Tories
Marr’s May Monopoly Marr’s May Monopoly
CCHQ Begs Association Chairmen CCHQ Begs Association Chairmen
Poll: Voters 2 to 1 for No Deal Poll: Voters 2 to 1 for No Deal
Tory MP Puts Letter In to Brady Tory MP Puts Letter In to Brady
Poll: May’s Deal or No Deal? Poll: May’s Deal or No Deal?