“News of Our Demise Has Been Greatly Exaggerated.” Why the City of London Remains a Globally Potent Force - With Sir Alastair King, Lord Mayor of the City of London
Has the demise of London's leading financial services been "greatly exaggerated", and does the underlying evidence tell a very different story? The City of London's 696th Lord Mayor, Rt Hon. Alastair King, shares his view on this common narrative!
In this interview, held at Mansion House at the heart of London's historic financial district, Lord King explains his belief that the UK continues to enjoy an unrivalled position, untouched by other European capitals.
He explains London and the wider UK “moat”, and why it exhibits persistency and resilience. Perhaps the most unexpected statistic is the significant growth in employment numbers in the City since Brexit.
He discusses the importance of the Mansion House Reforms and the £75bn of investment by 2030 (targeted at private assets). Judiciously but emphatically, he discusses why we must recognise that we need to take more risk (and this is directed at both public and private markets).
Lord Alastair then touches on the lessons we can learn from Canada and Australia, and his current priorities. Finally, he explains why we need to get on planes/trains in order to trumpet the UK and drive new business opportunities.
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