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OurWorld…passionate about business01-Dec-08
Welcome to UK Trade & Investment today

Financial services centre of the world

The UK as a whole is helping London to become the world’s leading financial services centre, overtaking even New York.

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By Anna Rooke, OurWorld Editor

London is becoming a more attractive place to do business than Wall Street, says London’s Lord Mayor, David Brewer.

Yet, financial services in the UK as a whole are responsible for its success, not just London itself.

Tighter US regulation and immigration laws are helping London to overtake New York, Brewer said in The Scotsman.

This is reflected in the battle for the London Stock Exchange (LSE), which has attracted interest from five parties, including the New York Stock Exchange (NYSE).

The newspaper also refers to a study published last week by IBM’s Institute for Business Value (IBV), which shows international financial services talent is flocking to London.

Read the full story in The Scotsman here.



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