1. Innovative 2. Reach of 3. Regulatory 4. Access to 5. Resilient business Our global offer to business: ecosystem 昀椀nancial activity environment talent and skills infrastructure London and the UK’s competitive 4 strengths supporting economic growth equities returned to their pre-COVID domestic market. Balancing To ensure London remains valuations and deal-making reduced domestic consumer protection with competitive in the next decade, 100 M o signi昀椀cantly. All the GFCs in our wholesale global 昀椀nance players the City of London Corporation has 59 57 48 44 40 31 31 s t c analysis saw a reduction in their does not allow for a one-size-昀椀ts- launched Vision for Economic Growth (-1) (-3) (-3) (-2) (-3) (-6) (-4) o mp ‘reach of 昀椀nancial activity’ score all regulatory regime, something (V4EG), a roadmap that outlines e as capital market trading volumes UK regulators must address to recommendations to drive growth ti ti retreated with rising interest rates. improve competitiveness. and improve outcomes for the FS v e London’s score fell due to a decrease industry. This report references the London’s recovery from the pandemic in investment fund AUM and capital ‘big moves’ recommended in the 80 has also contributed to a healthier markets activity, although foreign V4EG report and links them to the FPS ecosystem. London o昀케ces have exchange volumes increased. Net data that will demonstrate progress. undergone inspired renovations to FS exports remained consistent and The change in economic cycle, create spaces that encourage workers FDI increased. competition for global talent and cost back into the o昀케ce. This can be seen of living crisis are all real obstacles London gained in the ‘talent and in London’s low o昀케ce vacancy rates, facing the FPS industry, in the UK and skills’ dimension as new immigration full restaurants, and busy transport abroad. By taking regular stock of legislation came into e昀昀ect which networks. The City of London’s the UK’s position, through the lens of 60 improved the UK’s attractiveness and cultural o昀昀ering is also a magnet objective data and analysis, we will be accessibility to international talent. for visitors. in a position to meet these head-on The UK and US share the title for and thrive on the global stage. most expensive work visa, however, UK skilled worker visas are more accessible and are processed more swiftly. The UK has the second best 40 pension system amongst GFCs and 10th best in the world, in terms of Vision for Economic Growth bene昀椀ts, regulations and adapting to demographic change. This is a - a roadmap to prosperity: positive for UK and international workers and contributes to a better The City of London Corporation competitiveness. The Big Moves quality of life for citizens. (CoLC) launched Vision for are referenced throughout 20 Economic Growth (V4EG) in this report. London also improved its score in September 2023. This ongoing the ’enabling legal and regulatory L environment’ dimension. The UK work presents a roadmap to Big move: ea s t regulatory regime is highly regarded reinforce the UK’s international Develop a UK FPS strategy and c o around the world and ranks second competitiveness for years to FPS Partnership Council to mp in our analysis. Singapore ranks in come. V4EG convenes a steering support it. The impact of this by e ti 昀椀rst place due to its proactive and board of leading FPS 昀椀gures 2030 will be that Government’s ti v market-aware regulatory approach. and engaged with more than 0 e clearly de昀椀ned strategy for UK- 300 companies across London Although the UK and Singapore based FPS maximises the sector’s London New York City Singapore Frankfurt Paris Hong Kong Tokyo to de昀椀ne a series of ‘big moves’ 昀椀nancial industries share similarities contribution to UK jobs and (UK) (US) (Germany) (France) (Japan) to drive growth and improve –both are international 昀椀nance hubs economic growth. – the UK is a far larger global market 2024 score 2023 score and also has a large sophisticated