London remains the top European country for attracting foreign investment in financial services, with 46 projects in the capital receiving outside investment last year, up from 39 in 2021. Warnings that London would plummet down the rankings following Brexit have time and time again proven to be a false alarm, as Paris saw foreign investments fall from 38 to 35 and Madrid drew in 22 compared to 29 the previous year. Milan came fourth in the rankings.

A four per cent rise in jobs created through financial services investment projects proved experts wrong who had previously predicted Brexit would cause a loss of jobs, investment, and innovation to the continent. Economic secretary to the Treasury Andrew Griffith cited “a tremendous track record of attracting the brightest and best companies in the world” and the UK’s “attractiveness as a place to do business” as reasons for London topping the table every year since Brexit. Don’t trust everything you read on the BBC.