London’s stock market on top once again

Julian Jessop quoted in The Daily Express and Guido Fawkes

IEA Economics Fellow Julian Jessop has been quoted in The Daily Express noting London has overtaken Paris as the largest stock market in Europe, however simultaneously criticising its relevance.

Julian said:

“FWIW, London has regained its ‘crown’ from Paris as Europe’s largest stockmarket… This is pretty meaningless, but that didn’t stop Remainers making a big deal when the reverse happened!

“Seriously, it makes far more sense to look at the performance of the UK in surveys of competitiveness (e.g. the Global Financial Centres Index), or attractiveness for investment (eg the EY surveys). No sign of a significant hit from #Brexit.”

Read the full article here.

Julian’s comments were also quoted in Guido Fawkes.

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