Brown eyes London as world "financial capital"

Monetary policymakers in the UK are seeking to capitalise on London’s growing stature as a global financial powerhouse, by introducing a wave of new initiatives to encourage further investment in the City.

At the second meeting of the Chancellor of the Exchequer’s High-Level Group on Financial Services, Prime Minister-elect Gordon Brown and economic secretary to the Treasury Ed Balls unveiled a raft of new measures to consolidate the Square Mile’s attractiveness to fund managers and Islamic

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