BBCThe chief executive of the London Stock Exchange has denied it is in crisis despite firms worth hundreds of billions of pounds quitting for the US.
Company bosses have told the BBC that the UK faces an “existential crisis” as big firms have either already left, are considering a move or have been bought by private foreign investors.
But Julia Hoggett said “there’s no sense of panic” as the UK “is already punching above its weight”.
A Treasury spokesperson said the UK was “already one of the best places in the world to grow and secure investment” and it was working on ways “to improve the UK’s competitiveness further”.
The Chancellor, Jeremy Hunt, will hold a summit of finance chiefs on Thursday to brainstorm how to boost the appeal of UK markets to domestic and international companies.
Having big companies’ shares listed in the UK matters because other…
