UK 'punches well above its weight' as dominant European financial centre

Global top spot went to the US

The UK has ranked as the dominant European finance centre, according to a new study, allaying fears of business being moved overseas post-Brexit.

The report by think tank New Financial on financial centres measured the value of domestic and international banking and finance activity across nearly 30 metrics in 48 countries.  These included 28 financial metrics and 14 non-financial measures that assessed the performance of the wider economies and the political/social/business environment.  Describing how the UK "punches well above its weight", the report said the UK ranked as the dominant European financial centre, easily beating competition from France, Germany and Luxembourg.  Luxembourg attracts UK asset managers amid cont...