Lord Anderson of Swansea
Main Page: Lord Anderson of Swansea (Labour - Life peer)Department Debates - View all Lord Anderson of Swansea's debates with the HM Treasury
(2 years, 1 month ago)
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Baroness Penn (Con)
I cannot speak for the right reverend Prelate but he mentioned two things. One was ensuring green growth, which I have addressed, and the other was workers and jobs. Maybe he knows that there are 2.3 million jobs supported by the financial services sector, with two-thirds of these outside London in finance hubs including Birmingham.
Lord Anderson of Swansea (Lab)
My Lords, what is the Government’s considered view on which provides the greatest pressure on the standing of London as a financial centre: Brexit, or the chaos and instability caused by the last Conservative Government?
Baroness Penn (Con)
My Lords, I do not accept the premise of the noble Lord’s question, which he may be unsurprised to hear. In fact, in 2021, over 120 companies chose to list in London, the highest number since 2014 and ahead of its European competitors. These listings raised a total of £17 billion, the most raised in 15 years.