New York overtook the City of London as the global financial center of the Millennium Group

NY And London For the first time, they share the lead on a list of the most influential global financial centers, compiled by the companies themselves. City of London Companywhich in the previous two editions presided over the British capital.

Political manager of London’s financial district evaluates annually 95 metrics of major world capitalsincluding its capacity to innovate, its international scope of activity, resilience, infrastructure and talent recruitment.

in 2022, London advance one point in the ranking, up to 60 integers, temporarily NY he improved by two points, allowing him to share the top spot on the list.

After these two cities, the report is placed in the second step Singaporewith 51 points, followed by frankfurtwith 46; Pariswith 43, and Tokyowith 35.

Documents from City sparked controversy over the British capital’s loss of competitiveness, which led to a decision by microchip manufacturers armbased in Cambridge (English), cited in NY. Apart from jumping CRHthe world’s largest producer of building materials, from UK to US stock markets.

“He great Britain continues to be one of the most open and global financial centers, with better access to international markets than United States of America, France one of Japanbut our competitive advantage is in jeopardy,” said City’s political leader, Chris Hayward. “A long-term plan is needed to stimulate growth in the financial and professional services sector,” he stressed.

In this sense, City warned that “the number of international companies registered in London declining,” despite changes in financial rules to try to curb that trend.

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Roderick Gilbert

"Entrepreneur. Internet fanatic. Certified zombie scholar. Friendly troublemaker. Bacon expert."

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