The FT has reported this morning that:
London's status as one of the world's leading financial centres risks being undermined
I thought "more on domicile". But no, it turns out that the cause is:
excessive delays at Heathrow and the airport's sprawling layout
The comments come from the government's new City minister, Kitty Ussher. She calls herself
an "advocate" for business in government
The FT says:
In frank criticism that reflects mounting government concern, she voiced fears that multinational companies could question the rationale for holding annual or other important meetings in London. "I want multinational companies to feel really confident about housing their annual general meetings here," she said.
"They often have it in a different financial centre every year, or board meetings, that kind of thing. I don't want their New York or Dubai executives saying 'Oh God, I don't want to go through Heathrow'. I don't want that to be an issue."
It's got to be the silly season. That's all I can say. That and the fact that I hope this minister finds more useful things to discuss soon.