Barclays CEO: London Needs to Be Center of Finance

The video discusses the communication between the government and financial sectors, focusing on taxation and fiscal policy. It explores the future of the City of London as a financial hub, emphasizing the importance of a stable regulatory system, education, and infrastructure. The impact of Brexit on financial services is also examined, highlighting the need for continuity in London's offerings to remain competitive globally.

What is the speaker's expectation from the new government regarding fiscal policy?

• Reduction in public services

• Increased government spending

• Proposals on taxation and fiscal policy

• Immediate tax cuts

Why has the City of London been a financial center for 300 years?

• Due to its large population

• Due to its geographical location

• Because of its excellent regulatory system and talent

• Because of its historical landmarks

What does the speaker hope will continue to allow the City of London to flourish?

• Increased tourism

• Higher taxes on businesses

• Stable and predictable taxation regime

• More skyscrapers

What was one consequence of Brexit for London's financial services?

• Higher taxes on financial transactions

• Increased trade with Europe

• Inability to passport financial services to London

• More financial regulations

What does the speaker suggest is needed for London to maintain its financial prominence post-Brexit?

• Continuation of education and infrastructure

• Reduction in financial regulations

• Higher taxes on foreign investments

• More government intervention