I have a friend whose economic and financial analysis is always interesting because it is apolitical. He is a former City economist with decades of experience. Unfortunately, like many people who have something genuinely valuable to add to the conversation, he prefers to protect his privacy in our turbulent political and cultural landscape. But I’ve always found his explanations and insights useful and I think you will as well. That’s why he’ll be contributing to my Substack from time to time as the Anonymous Banker.
Intriguing comment, and great insight - good and bad - into what is really going on. Reading today about the pricing advantage of a US listing vs UK, and the recent reporting of mid size firms opting for a US listing against the UK, I wonder if that's a self fulfilling prophecy? A large amount of the businesses and infrastructure represented in London, which has currently lost it's advantage of EU access, are international and will locate for best advantage. This may have now changed to the US or elsewhere, and over a decade or so, the City advantage will dissipate. We provide some remedy through a decent access agreement with the EU. Self interest on both sides.
Really enjoying this series.
Intriguing comment, and great insight - good and bad - into what is really going on. Reading today about the pricing advantage of a US listing vs UK, and the recent reporting of mid size firms opting for a US listing against the UK, I wonder if that's a self fulfilling prophecy? A large amount of the businesses and infrastructure represented in London, which has currently lost it's advantage of EU access, are international and will locate for best advantage. This may have now changed to the US or elsewhere, and over a decade or so, the City advantage will dissipate. We provide some remedy through a decent access agreement with the EU. Self interest on both sides.