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Date updated: 30/03/2023
The cover of "Our global offer to business: London and the UK's competitive strengths in support of growth'

London and New York take joint first position in our annual competitiveness benchmarking study.

Our global offer to business assesses the UK as an international centre for financial and professional services.

The report is an in-depth exploration of five key competitiveness dimensions. London’s scores remain excellent overall, demonstrating both strength and consistency. Its holistic offer is uniquely compelling. It is the only centre to rank in the top three for each of the dimensions:

  • Innovative ecosystem
  • Financial activity
  • Regulatory environment
  • Business infrastructure
  • Access to talent and skills

These results show that London’s position is robust across the board, but its future success as a financial centre is not preordained.

The report benchmarks the financial and professional services competitiveness of London against New York, Singapore, Frankfurt, Paris, Hong Kong, and Tokyo.

To ensure the UK financial and professional services sector continues as best in class internationally, the City of London Corporation has launched Finance for growth: a roadmap. The roadmap sets out a long-term plan to reinforce and renew the UK’s role as a global financial centre for the remainder of the decade and beyond.

Download the full report 'Our global offer to business: London and the UK’s competitive strengths in support of growth'