Ruth Lea Opalesque Industry Update - The City of London is still the top financial centre for now believes Ruth Lea, Economic Adviser to the Arbuthnot Banking Group, who discusses the economic importance of and the challenges to the City of London in a new paper. Her major conclusions are:
Ruth Lea said: “There is much discussion about a “desirable” switch from financial services to manufacturing industry in order to “rebalance the economy”. There is, in itself, nothing wrong with this objective. But if it comes about through the neglect of the City’s international competitiveness, the whole economy would be damaged. Concerns over lost competitiveness should act as wake-up calls for policy makers if they wish to maintain London as a supremely important financial centre.” |
Industry Updates
Economic adviser believes London is still top financial centre
Monday, September 05, 2011
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