The movement of wisdom to New York is an ambulance for England

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When England Fintech Company wise declared Last week, his main list will transfer to New York, called the London more bad news for the London Stock Exchange. However, the decision to grow and liquidity in the United States in the United States was worse.

Wise has chosen America for a larger investor pool and higher appraisal potential, so the Revolut that started in an incubator in Canary Wharf Rated $ 45 billion in the final financing round. Britain’s patient’s life will be able to develop a valuable Fintech majority in London, the proposal of the country and then the product of the product that should act.

This is quite ungrateful, but what England can wait? These companies have the owner and financing of international investors and have a higher level of loyalty to London. Nick storsky, Revolutun’s Russian-origin, an English-French co-founder, in a characteristic sharp place in London, more than New York, he said.

London is an old role in the 20th century, because this is the critical mass of investors who want to buy capital in the companies listed in the UK. The city’s skeptics often complained globally more globally than in the focus of the British, but sufficient competent and pension funds to support internal growth together with international expansion.

In investment conditions, London is now “there is not there”, “there is nothing there”, because Gertrude Stein, California, California. The organizations still have a large capital: Pension funds have about 3TN pounds. However, this is very small to the establishment of the economic future. In 1990, more than half of the portfolios of pension funds and insurers were the capers listed in the UK, but this figure was less than 5 percent.

This extraordinary For the British economy, more damage to growth than Brexit. UK entrepreneurs and companies are sometimes criticized for lack of style fame in the United States, but as co-founder of financial adviser, Ondra is like to blame the patient to avoid breathing. “

Some of the shifts from England’s capital have led to some population, but in the last two decades have been highlighted by a number of taxes and regulations. It is incentive pension schemes, put more investments in the gardens and diversify the global scale. About a quarter of pension portfolios international capital prefers the UK’s obligation.

Unlike their colleagues in the United States, Australia, Australia and Sweden, there is almost no bias against internal capital. Storsonsiky said that the seal duty on the shares listed in the Britain is another magazine in the city list. If you obtain a basic list in New York and keep the secondary in London, it will be cheaper for the previous trade for British investors.

Many UK companies with US transactions or expanding potential reviews earnings or moving lists not sure. More than the British company’s financial revenues will flow to investors: In 2023, the United States was estimated at $ 55 billion in the United States and $ 148 billion this week.

It is important for the United Kingdom to provide both capital capital, but also to provide an annual annual investment to save and engage in and increase economic growth. The latest reforms on lists are valuable to make the UK a more attractive financial center, but inadequate: the government needs to take additional measures.

Developed with caution so far. Hosted by retirement schemes last month folded Infrastructure, property and investment liabilities to property and private capital, with the binding rear. In the best case, public companies can go by reforming tax benefits to invest in public companies.

It should also encourage them to cancel the stamp duty or reforming the reinforcement of individuals in cash in cash through individual savings accounts (ISA). By doing pension schemes at work, they can make them, they invest in a higher level of Britain’s equity.

The government can even look at the UK’s investment levels in accordance with the individual tax relief in accordance with their pension contributions. It would be radical, but unless something changes, it will continue to invest very little investment in societies such as Britain’s growth and wise, for example.

john.gapper@ft.com