AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |
Back to Blog
Why london remains a global city post-brexit11/15/2023 ![]() to the London market with a partial listing, in light of the political upheaval. The most recent blow came from SoftBank Group Corp., which is now rethinking whether to bring back UK chip designer Arm Ltd. While the immediate cause of the slump was the global pause in share sales after Russia’s invasion of Ukraine, the reasons behind the UK’s slide date back years - with Austin’s review the latest in a long line of attempted cures. Meanwhile, London’s stock market is faced with the quietest period for listings since the financial crisis. Rishi Sunak, the former chancellor who oversaw the drafting of the bill, is one of the leadership candidates, though polls of Conservative Party members show him trailing considerably behind Liz Truss. Presenting the bill was the chancellor he’d appointed two weeks earlier, Nadhim Zahawi, who may not be in post once Johnson’s successor is picked in September. Outgoing Prime Minister Boris Johnson, who was elected on a promise to slash bureaucracy inherited from the bloc, saw one element of his plan come to fruition on Wednesday, with a financial services bill that will undo hundreds of EU regulations. ![]() It’s a sentiment that’s repeated across the City of London: hope for the capital’s future as a financial hub outside the European Union, mixed with anxiety that the Brexit vote six years ago has so far only led to stiflingly slow change and political rows.Īnalysis: Britain’s Proposed Post-Brexit Financial Services Law Underwhelms Industry
0 Comments
Read More
Leave a Reply. |