City of London Says UK Needs Better Financial Services Strategy.

The City of London suggests that the UK could attract an additional £7.7 billion in investment by 2030 if it improves its ability to attract foreign sovereign wealth. To achieve this, the government should establish a long-term financial and professional services strategy and create a dedicated agency to implement it. The City of London Corporation's research shows that investors who open a UK office more than double their investments in the country compared to the previous five years. Sovereign investors with UK bases have committed £119.5 billion over the past decade. [Extracted from the article]