LONDON, Sept 7 — Britain needs to ease taxes on banks and make it easier to hire staff from abroad, its financial and professional services lobby said in a blueprint to help London unseat New York as the world’s top international financial centre within five years.
The US financial capital overtook London in 2018 in a leading annual survey, it said, adding that New York dominated in stock market listings. The finance ministry has already set out reforms to make London’s capital market more competitive, and TheCityUK set a five-year target for London to “out-compete its rivals” by amending tax, visa and other rules.
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