The rankings, known as the Global Financial Centres Index (GFCI), looked at 98 financial centres across the world, whereby New York held the coveted top spot for the last two years.The capital topped every single category in the index, with the best business environment, the most developed financial centre, the most impressive infrastructure, the best human capital and the top overall reputation. Michael Mainelli, chairman of Z/Yen, attributed London’s increasing success to reduced uncertainty following the general election. The rejection of independence by Scottish voters was also a positive, with foreigners assessing the stability of Britain as a place to do business. The depth and breadth of business activity also helped, with the strength of the professional services and insurance industries, alongside banking, giving London a boost in the rankings. Read more about London:
- London SMEs look to millennials to deliver business growth and success
- London tech investments at record high with 66 per cent growth – what about the UK?
- Is London losing its hold as the UK’s hub for growing businesses?
Share this story