FinancialAdvice.co.uk Logo

Qualified advisers answering your
Financial Questions
call 0800 092 1245

The UK is ranked the world's leading financial centre

In a surprise development the World Economic Forum (WEF) has today released a report stating that the UK has overtaken the United States as the world's leading financial centre. This comes at a time when the UK is under significant pressure from not only an economic standpoint but also from EU regulators who appear determined to wrestle control of the city. However, for the UK to come out top of the 55 most financially developed countries is certainly a feather in the UK cap although there are some who are sceptical of the claims.



The same report also detailed a league table of financial stability rankings with the UK at number 37 behind the likes of Mexico, Panama and only just above Venezuela. Norway, Switzerland, Hong Kong and Chile were top of the league with regards to financial stability with Argentina, Kazakhstan and Ukraine rooted at the bottom of the league table. While there is no doubt that the city of London is well known around the world and has a reputation few others can match, many believe that recent changes on the regulatory front and intervention by EU regulators will put London's standing amongst worldwide financial markets at risk.

Share this..

Related stories

Financial Guides

Financial Calculators

Our useful calculators can help you get your finances in order:



Latest News

Blogs

Helpful new tax year facts that could affect you and your money


Blog | Seven helpful new 2016/2017 tax year facts that could affect you and your money. Our recent online blog shares a brief outline on how to stay up to date.


Read more

Useful Links

Popular Searches

Please Enter More Details

 
Enter More Details
Continue