Forget the doomsayers, there’s still plenty to cheer about here in the City of London, writes Chris Hayward

Given my role as policy chairman, you will not be surprised to read that I am an optimist. Nor will it come as a surprise that I am bullish about London’s – and the UK’s – economic prospects, despite global headwinds.

I am a lifelong observer of the City’s triumphs and travails. While there’s no escaping the latest gloomy growth forecast from the IMF, all successful business leaders know there’s a well-trodden path between crisis and opportunity.

Allow me to back my optimism by citing the latest official statistics. That the City of London’s contribution to the UK economy recently surpassed £110bn for the first time is significant, and yet unsurprising.

It’s significant because it’s undeniably a big number. Bravo. But to me and the many world-leading financial and........

© City A.M.