City boss says London 'must stay competitive'
Chairman of the City of London's policy and resources committee, Michael Snyder, says London should not grow complacent after toppling New York as world's leading financial centre
Snyder , the head of
Smith and chairman of the City of London’s policy and resources
committee, has warned that London can ill afford to grow complacent after
toppling New York as the world’s leading financial centre.
‘Complaceny creeps in when people start thinking we are doing well. Now is
the time to stay alert to changes in the global competitive landscape,’ Snyder
told The FT .
Snyder said London needed to to redouble its efforts to stay competitive on
taxation, regulation and skills. He also called for investment in improved
public transport, such as the Crossrail scheme that will link the east and west