The European press declares London ‘king of finances’ despite Brexit
An interesting article in the very respected financial document based in Paris The Nouvelle Economst This week he sings the praises of the city of London despite the Brexit. He points out that tens of thousands of jobs in the city left after vote. As Resters said, it would be a prelude to the collapse of the city …
Injead the paper indicates that nothing that has happened has happened:
- Tory moves to foster the internal Fintech movement through the 2023 financial services and markets law and the financial services strategy instantly placed the United Kingdom as the second largest Fintech market in the world with € 2.8 billion. Unicorns: Wise, Revolution, Monzo and Chickout.com …
- London is still the second largest financial center in the world behind New York and far ahead of European rivals. It also leads in risk capital …
- The EU capital market union is weak and has not been able to see progress since 2014. The EU member states are not interested in expanding beyond their national powers …
The document concludes: “While the EU struggles to speak in one voice, London is affirming Itelf as an agile and reformist center, more open than ever to the global capital.” No news for Brexiteers …
Hat tip: Gully Foyle
