He british government will announce on Monday new measures to support his powerful financial sector after andl Brexitwhich will include provisions for “simplify” the financing of companies in the markets.
The objective is “to make the United Kingdom the most innovative and competitive global financial center”said a statement from the British Treasury released before Chancellor of the Exchequer Jeremy Hunt’s speech on Monday.
“I want to put in place a plan that allows our financial services sector to increase the income of retirees [con ahorros invertidos en fondos de pensiones]improve investor income and unlock capital for our growing companies”Hunt will say before representatives of the British financial sector, according to fragments of the statement.
The British government already announced at the end of last year a series of reforms to stimulate the growth of the financial sector.
The objective is to defend the City of London against the greatest competition from other European financial centers, such as Paris and Amsterdam, since Brexit, or the departure of the United Kingdom from the European Union (EU), at the beginning of 2021.
The British government seeks, among others, to implement “a new kind of stock market that allows companies that are not listed on the stock market to access the capital markets”.
The minister is also scheduled to announce measures to “simplify” IPO procedures “to encourage more companies to go public in the UK.”
The number of companies going public in London plummeted last year, with around 40 going public, down from more than 100 in 2021.
Source: AFP
Source: Gestion
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