Chris Hayward, Policy Chairman at the City of London Corporation, said:
“While the IMF has flagged headwinds for the global economy, the City of London’s resilience stands out. Surpassing £100bn in GDP is a landmark moment, reinforcing the City’s position as the powerhouse of the UK economy and a global financial leader.
“To keep this momentum going, we must press ahead with reforms that sharpen our competitive edge, draw in international capital, and strengthen the City’s role as a magnet for the world’s best talent.
“At a time when businesses are re-evaluating their global strategies, London offers a compelling proposition, a global hub for innovation and capital, supported by a stable regulatory environment, strong rule of law and a commitment to open markets.
“Through initiatives like Destination City, we are shaping a Square Mile that continues to attract people to live, work, learn, and explore.”
‘;