UK Banks Want Regulation, Tax Changes To Compete With US
By Najiyya Budaly (September 7, 2021, 1:03 PM BST) -- Britain's government and regulators must ensure that bank taxes are competitive and that financial regulation is "proportionate" if the country wants to dethrone New York as the global financial center in the next five years, the City of London said Tuesday.
London is losing ground as an international financial center to New York while other cities strengthen their grip, a trade group has warned. (iStock) TheCityUK, a financial industry trade group, has set out a blueprint to help Britain claw back its Brexit losses. London is losing ground as an international financial center to New York while other cities are strengthening...
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