Britain told to 'go into battle' for the City of London

  • 5 months   ago
Britain told to 'go into battle' for the City of London

Britain should "go into battle" for the City of London after Brexit to strengthen its role as a globally open market that does not take rules from a "protectionist" European Union, a think-tank said in a paper published on Friday.

"The City has suffered from benign neglect, and now needs the government to go into battle for it," economist Gerard Lyons said in his paper for Policy Exchange.

"A vision and strategy is needed for the City," said Lyons, a former chief economic adviser to Boris Johnson, now UK prime minister, when he was London Mayor, and a prominent advocate of Brexit.

"The good news is that the tide is now turning in Westminster's approach towards the City."

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