The 37th edition of the Z/Yen Group’s Global Financial Centres Index showed the capital maintained its second-place ranking among the world’s top financial centres — and climbed 12 points from the last rating in September.
New York topped the table again but its lead over London has narrowed. Our capital dominates European rankings, with a 19-point lead over Frankfurt, which came in at 11.
Our city was in the top three for all eight major industries and scored first for banking.
Elsewhere, in fintech, London was chomping at the heels of the Big Apple, reducing the gap between first and second place to a singular point.
The city also ranked as one of the top centres set to become more competitive.
But concerns exist over risks to its future status, given that business confidence has taken a hit since the Budget.
The latest release from the Office for National Statistics showed the economy shrunk 0.1% in January, in another blow to growth prospects. Chancellor Rachel Reeves has pledged to unlock growth across the country, which has included the launch of a National Wealth Fund and slashing regulation.
London’s market woes have continued into 2025 after last year recorded the larges...
New York topped the table again but its lead over London has narrowed. Our capital dominates European rankings, with a 19-point lead over Frankfurt, which came in at 11.
Our city was in the top three for all eight major industries and scored first for banking.
Elsewhere, in fintech, London was chomping at the heels of the Big Apple, reducing the gap between first and second place to a singular point.
The city also ranked as one of the top centres set to become more competitive.
But concerns exist over risks to its future status, given that business confidence has taken a hit since the Budget.
The latest release from the Office for National Statistics showed the economy shrunk 0.1% in January, in another blow to growth prospects. Chancellor Rachel Reeves has pledged to unlock growth across the country, which has included the launch of a National Wealth Fund and slashing regulation.
London’s market woes have continued into 2025 after last year recorded the larges...
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Daily Express (Digital) - 1 Issue, March 21, 2025