Markets
Can Jeremy Hunt’s reforms save the City of London?
The British chancellor has proposed reforms to inject new life into the once mighty stock market but opinions differ as to whether they will work, or backfire badly
The City of London was once the world’s most important financial services and capital markets hub, the globally-envied jewel in the crown of the British economy. Things could hardly be more different now.
For over a decade, the City’s status has been in steady decline due to increased global competition, ever-increasing bureaucracy and the rising cost of doing business there.
The downward trend has been compounded by Brexit, which has seen the world’s largest banks ...
