Asked by: Baroness Moyo (Conservative - Life peer)
Question to the HM Treasury:
To ask His Majesty's Government what steps they are taking to encourage more British companies to list in the UK instead of abroad.
Answered by Baroness Vere of Norbiton - Parliamentary Secretary (HM Treasury)
The UK’s vibrant and dynamic capital markets are some of the strongest and deepest globally and the UK remains Europe’s leading hub for investment. Despite market turbulence globally in 2023, companies raised more capital in the UK than the next two highest European exchanges – Frankfurt and Amsterdam – combined.
The government is building on this, with an ambitious programme of reforms to boost IPOs and improve the competitiveness of UK markets. This includes delivering on the recommendations of Lord Hill’s UK Listing Review, and the commitments in the Chancellor’s Mansion House and Edinburgh reforms.
These reforms will make it easier for firms to list and raise more capital quickly in the UK. These reforms have been welcomed by industry and will ensure that the UK continues to support innovative firms to list and grow on UK markets.