Lord Grimstone, who resigned as minister for investment last week in the wake of Boris Johnson's defenestration, was the driving force in Whitehall behind efforts to persuade ARM to list in London.
Its intention will not be to publish a single report but to make periodic recommendations to government about measures that will augment the City's international appeal.While it is not a government-commissioned group, the endorsement of Mr Zahawi will represent an important vote of confidence in its mandate.
Investors' retreat from tech stocks has cast a fresh shadow over the sector, while in New York the disastrous performance of many special purpose acquisition companies has contributed to plunging private market valuations. In a separate review, Sir Ron recommended an overhaul of visa rules to boost 'scale-up' companies, the launch of an international action plan for fintech and further revisions to listing rules.
The annual Mansion House dinner is an important showpiece event for the City, with Andrew Bailey, the Bank of England governor, and the Lord Mayor, Vincent Keaveny, also making keynote speeches.
Excellent. That will be an amazing opportunity to clean a good amount of dirty money.
Perhaps govt should be looking at climate issues and Thames barrier adequacy to prevent the House of Commons floating away…or perhaps it would just make the swamp bigger …
Who would invest in a city that's willing to close down when the weather gets a little warm?
As well as giving the odd financial boost to Gibraltar..
they're going to replace Khan with someone competent?