As capital dries up and unicorns flee, the UK must act now or accept its fate as an incubator economy, writes Lord Mayor of the City of London Alastair King

The role of the Lord Mayor is a multifaceted one. On one level, it is my task to serve as cheerleader-in-chief for the United Kingdom’s financial, professional, legal and maritime services – extolling our strengths to the world while supporting the team back home.

We have, after all, a great deal to shout about: a rich and talented workforce that speaks more than 300 languages; a flourishing tech and innovation ecosystem that is consistently ranked as the best in Europe; not to mention excellent universities and a stable, responsible regulatory regime underpinning it all.

Crucially, our openness to global trade and investment is a key part of that success. The new UK Trade Strategy rightly recognises what many of us in the City have long known: the United Kingdom is a services superpower.

The strategy also aligns with many of the City........

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