London is the World's Leading Financial Centre The Telegraph reports on the Global Financial Centres Index report, stating that London has increased its lead over New York to be the world's leading financial centre. The report "rates the two cities as the world's "only truly global financial centres", well ahead of other centres in the top five – Hong Kong, Singapore and Zurich."
However, the accolade comes with a warning:
Corporation policy and resources chairman Michael Snyder said the Government had shown a commitment to improving business conditions by cutting corporation tax, enhancing London's position. But transport and infrastructure were "critical indicators of competitiveness" that needed immediate attention, he said.
"The UK must address our lamentable public transport and below-par aviation hubs," Mr Snyder said.
Boris Makes his Conference Speech
Yesterday Boris Johnson spoke at the Conservative Party Conference yesterday, pledging to move forward the CrossRail agenda, and speed up Tube improvements.
In a well received but rushed speech, the Conservative contender for Mayor pledged his determination for the job, and to put Londoners first.
LondonUnlocked's favourite line of the many good ones in his speech? "I want to give hope to all those who feel they have lost the basic right to get to work on time."