People walk with skyscrapers in the City of London financial district seen behind in London, Britain, March 16, 2023. REUTERS/Toby Melville
"What I feel is that there is no overarching vision and strategy for UK financial services," Chris Hayward, the City of London's policy chairman, told Reuters. The sector, which accounts for 12% of UK economic output, was largely cut off from the European Union by Britain's departure from the bloc in 2020.
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Any bets it will involve foreign billionaires getting lovely big tax loopholes. Even Russian ones. Especially Russian ones.