Monday, January 18, 2010
UK faces bright financial future
â€œThe idea that London is going to be full of tumbleweed in 10 years is not credible,â€ said Savvas Savouri, chief economist at Tosca. â€œThere are too many aspirational economies that donâ€™t have infrastructures of their own. â€œWe have an affinity with India, with the Gulf, even with China, via Hong Kong. These markets will want a western hub.â€ He predicts that London will attract at least 100,000 new financial services jobs over the next decade.