{"id":26600,"date":"2023-10-19T12:09:02","date_gmt":"2023-10-19T12:09:02","guid":{"rendered":"https:\/\/belalcazar.org\/?p=26600"},"modified":"2023-10-19T12:09:02","modified_gmt":"2023-10-19T12:09:02","slug":"brexit-win-as-london-regains-its-crown-as-europes-largest-stock-market","status":"publish","type":"post","link":"https:\/\/belalcazar.org\/politics\/brexit-win-as-london-regains-its-crown-as-europes-largest-stock-market\/","title":{"rendered":"Brexit win as London regains its \u2018crown\u2019 as Europe\u2019s largest stock market"},"content":{"rendered":"

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London has overtaken Paris and is once again home to the largest stockmarket in Europe, a Bloomberg analysis has concluded.<\/p>\n

And UK economist Julian Jessop has urged Remainers to take note, given they \u201cmade a big deal when the reverse happened\u201d.<\/p>\n

Bloomberg\u2019s researchers found the combined market capitalisation of primary listings in London – excluding Exchange Traded Funds (ETFs) and American Depository Receipts (ADRs) – now amounts to \u00a32382.47 billion, marginally more than Paris\u2019s \u00a32381.73 billion.<\/p>\n

London was knocked off the top in November, extending an equity slump which stretched back to Britain\u2019s decision to quit the European Union in 2016.<\/p>\n

However, the market has outperformed recently due to rising oil prices.<\/p>\n

READ MORE: <\/strong> SNP hammerblow as MP slammed over Nadine Dorries row in scathing report[BREAKING] <\/strong><\/p>\n

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Writing on X, formerly Twitter, Mr Jessop, Economics Fellow at the free market think tank, the Institute of Economic Affairs, said: \u201cFWIW, London has regained its ‘crown’ from Paris as Europe’s largest stockmarket…<\/p>\n

\u201cThis is pretty meaningless (mainly about the types of companies quoted in the two centres), but that didn’t stop Remainers making a big deal when the reverse happened!\u201d<\/p>\n

Referring to accountancy firm Ernst and Young, Mr Jessop added: \u201cSeriously, it makes far more sense to look at the performance of the UK in surveys of competitiveness (e.g. the Global Financial Centres Index), or attractiveness for investment (eg the EY surveys).<\/p>\n

\u201cNo sign of a significant hit from #Brexit.\u201d<\/p>\n

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