'Stop throwing shade' - the woman trying to stop firms leaving the UK
Source: BBC ·
British people need more incentives to invest in big firms listed in the UK, Dame Julia Hoggett, boss of the London Stock Exchange, says.
From the source
Dame Julia Hoggett says negative sentiment about the UK market has pushed companies to leave in the past The UK needs to do more back its own companies at a time when a growing number are choosing to list their shares in the US rather than at home, the boss of the London Stock Exchange (LSE) has told the BBC. Dame Julia Hoggett said the government needed to make it "more attractive" to invest in the UK stock market, otherwise big firms would continue to look overseas for their next stage of growth. Over the last few years, scores of big firms have left the London market , are considering a move or have been bought by private foreign investors. The fear is this weakens the UK economy by reducing tax revenues and depressing business valuations. "If we want Britain to back Britain, which is what I hear the chancellor and the prime minister saying, then let's make sure that we're creating structural incentives to do so," Dame Julia told the BBC's Big Boss podcast . "We need to take the…