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The City's Growth: The Crest of a Wave or Swimming with the Stream - speech by John Gieve
In a speech given today to the London Society of Accountants, Sir John Gieve – Deputy Governor – discussed what underlies the City of London’s rapid growth and, therefore, whether it should be expected to continue.
Published on
26 March 2007
He argued that the economic factors which favour concentration in clusters or hubs in many industries are particularly strong for wholesale finance. The retention of London’s international position in finance long after the UK had lost its leading position in the world economy shows how powerful they are.
Press release