The Square Mile outperformed other major financial hubs, including New York, Singapore and Paris, as firms quickly adapted to Brexit, according to a new report by the City of London Corporation.
It found that the City had an “unmatched international financial reach”, while it also excelled as a hub for tech and innovation and its share of headquarters of Fortune Global 500 companies rose by a third over the past year. The City was given an overall competitiveness score of 61, followed by New York on 58 and Singapore on 53. Paris received a score of just 41.a separate study by EY found that a majority of global finance firms plan to establish or extend their operations in the UK this yearHowever, the research also identified ways in which London can improve the UK’s competitiveness as a financial centre.
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