London Still Number One Financial Centre (Despite Brexit)

jvghan

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London has retained its top spot as the world’s leading financial centre, fending off stiff competition from New York and Asian cities, according to an authoritative study to be published today.

The global financial centres index, compiled by think tank Z/Yen, will show the City leading the pack of 110 cities analysed for the 23rd edition of the international rankings.

The City scored 794 points on the index, pipping New York to the post by one point. The ranking is based on 103 separate factors and draws on data from the World Bank, the United Nations and the OECD, as well as the survey responses of more than 2,300 financiers from around the world.



London remains on top of the world for global financial services says major report | City A.M.



I mean, all that talk of Dublin getting jobs from London, I mean, who in their right mind would want to relocate to some bog than stay in the World's Leading Capital City.


(We've got Beamish and they could visit the Blarney Stone, that's gotta be a pull, Coveney? :lol:)
 


statsman

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London has retained its top spot as the world’s leading financial centre, fending off stiff competition from New York and Asian cities, according to an authoritative study to be published today.

The global financial centres index, compiled by think tank Z/Yen, will show the City leading the pack of 110 cities analysed for the 23rd edition of the international rankings.

The City scored 794 points on the index, pipping New York to the post by one point. The ranking is based on 103 separate factors and draws on data from the World Bank, the United Nations and the OECD, as well as the survey responses of more than 2,300 financiers from around the world.



London remains on top of the world for global financial services says major report | City A.M.



I mean, all that talk of Dublin getting jobs from London, I mean, who in their right mind would want to relocate to some bog than stay in the World's Leading Capital City.


(We've got Beamish and they could visit the Blarney Stone, that's gotta be a pull, Coveney? :lol:)
From your link:
The process of leaving the EU remains one of the top concerns around the world, suggesting that further progress in a deal giving long-term certainty on the future trading relationship may lift a weight from the City.

Brexit is still the top source of uncertainty listed in the report. It adds: “The uncertainty created by Brexit has influenced London-based respondents, who are significantly less confident about London’s future than respondents from Paris and Frankfurt feel about their home centres.”

Miles Celic, chief executive of TheCityUK lobby group, said the findings underline “the strength and breadth of London’s ecosystem, financial infrastructure and globally competitive offering” but warned against “the self-indulgence of complacency”.

City figures have repeatedly warned that London faces increased competition for its domination of the world’s financial services business from North America and Asia.
 

mr_anderson

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[h=2]London Still Number One Financial Centre (Despite Brexit)[/h]
... so far.
 

PBP voter

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From your link:
City figures have repeatedly warned that London faces increased competition for its domination of the world’s financial services business from North America and Asia.
So they could lose out to cities outside of the EU?

They are leaving at the right time.

The Eu is going down the tubes.
 

Fritzbox

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London Still Number One Financial Centre (Despite Brexit)
But Brexit actually hasn't happened yet, has it?

Edit: beaten to it by Marcos - just goes to show what an obvious point it is...
 

statsman

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So they could lose out to cities outside of the EU?

They are leaving at the right time.

The Eu is going down the tubes.
Yes. Most likely they'll lose European business to European centres, Asian business to Asia, and so on.
 

Marcos the black

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Amazing how many Brexiteers haven't noticed that simple fact.
They think it happened the day of the vote and that it's all over now.
Ask a lad who jumped out of a 50 floor window how he's doing on floor no 45...... he might tell you he's doing fine.... for the moment.
 

silverharp

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I was talking to someone recently whos husband works for Wells Fargo and she is saying they are moving part of their operations from London to Dublin. I doubt the city of London is going anywhere but no reason Ireland cant make a buck of Brexit.
 

Spanner Island

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London has retained its top spot as the world’s leading financial centre, fending off stiff competition from New York and Asian cities, according to an authoritative study to be published today.

The global financial centres index, compiled by think tank Z/Yen, will show the City leading the pack of 110 cities analysed for the 23rd edition of the international rankings.

The City scored 794 points on the index, pipping New York to the post by one point. The ranking is based on 103 separate factors and draws on data from the World Bank, the United Nations and the OECD, as well as the survey responses of more than 2,300 financiers from around the world.



London remains on top of the world for global financial services says major report | City A.M.
That's great.

Well done London.
 

raetsel

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I've no idea why anyone could be bothered responding to this fascist pr1ck who only turns up here to stir up hatred. Please ignore him. :)
 

Shpake

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Kind of chilling though... years back I can recall reading a list of the EU countries... before the Eastern bloc joined and all the Balkans and Baltic states. At that time we (Ireland) were ahead of Luxemburg in terms of population and behind Portugal.
Just think of it. This piece of land, the island behind the island of Britain out there in the Atlantic. Grand for holidays in the summer but otherwise who'd give a shuck about us?
 

Spanner Island

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I've no idea why anyone could be bothered responding to this fascist pr1ck who only turns up here to stir up hatred. Please ignore him. :)
When you know what you're dealing with it can be amusing... for a minute or two... for the craic like... :cool:
 

Ex celt

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Vol Martina Anderson,the SFIRA Cultural Attachée to Our Gallant Allies in Europe, says that you can stick it where the sun don’t shine and by the way did you see Madame Butterfly at La Scala.
 

Ex celt

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Kind of chilling though... years back I can recall reading a list of the EU countries... before the Eastern bloc joined and all the Balkans and Baltic states. At that time we (Ireland) were ahead of Luxemburg in terms of population and behind Portugal.
Just think of it. This piece of land, the island behind the island of Britain out there in the Atlantic. Grand for holidays in the summer but otherwise who'd give a shuck about us?
This septic isle set in a sewage filled sea,this demi-eire,this Republic of Ireland,this Ulster...
 

raetsel

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This septic isle set in a sewage filled sea,this demi-eire,this Republic of Ireland,this Ulster...
Haven't you got a Monty Python sketch to be getting on with?:)


[video=youtube;evlrs5Bi_6E]https://www.youtube.com/watch?v=evlrs5Bi_6E[/video]
 

PBP voter

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https://www.independent.co.uk/news/business/news/brexit-latest-updates-banking-job-lossses-city-london-leave-eu-a8148186.html
The City expects 5,000 to 13,000 job losses among the 1.1 million people employed in the sector across Britain. This chimes with 10,000 losses the Bank of England said is plausible on Brexit Day in March 2019.
So around 0.4% to 1.2% of jobs could go.

During the credit crunch they tens of thousands of jobs in the finance sector.

It's really not that big a deal.

Who knows what opportunities it will bring?
 

paulp

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So London's lead in financial services over next 10 cities is reduced since Brexit vote
 

PBP voter

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So London's lead in financial services over next 10 cities is reduced since Brexit vote
Brexit hasnt happened yet.

You can't have it both ways. petunia
 


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