Stockholm, dropping seven places to number 44 in the world. In Europe, a seventh place turned into a twelfth place in a year. Photo: Stina Stjernkvist/TT
It is very serious that we are reversing so sharply.
London ports integrity in the top – despite the fact that the british voted in favour of a brexit and New York on placement number two. So it has been a long time when the world’s financial centres ranked by the GFCI, The Global Financial Centres Index. And the countries are continuing ohotat in the top, followed by Singapore, Hong kong and Tokyo, which all have the same seats as the year before.
But the Stockholm however, on the list, and drop seven places down to number 44 in the world.
“It is very serious that we are moving in reverse so sharply as the financial sector is an important engine for innovation and jobs,” says Andreas Hatzigeorgiou, chief economist at the Stockholm Chamber of commerce.
” We should really climb when Stockholm is a magnet for investments in financial technology but instead we are losing ground to cities such as Paris and Amsterdam.
For the Stockholm Chamber of commerce is the ranking of a setback. It has together with, among other things, Nasdaq Stockholm and Stockholm Business Region, pushed the "Stockholm International Financial Initiative" (SIFI), with the aim to make Stockholm one of Europe’s five main financial centres by the year 2020.
– There is much evidence to suggest that it is the government’s plans an aggressive tax on financial activities, which are haunting, ” says Andreas Hatzigeorgiou.
It is very worrying that we are being overtaken by cities such as Amsterdam, Paris, Munich and Dublin, when we ought to climb.
He combined with the fact that Sweden has not managed to take the opportunity to position itself better as an alternative financial centre to London after brexit, acting sinker for Stockholm.
” What is most surprising is how quickly and how greatly we fall. In a year, Stockholm has gone from seventh place in Europe to site 12. It is very worrying that we are being overtaken by cities such as Amsterdam, Paris, Munich and Dublin, when we ought to climb.
the Question is how London can maintain itself so securely in the top, in spite of brexit.
– the British should be applauded for how they deal with the earthquake that still brexitomröstningen meant. I continue to believe that it will cost the Uk both economically and politically to leave the EU, but the british have so far been effective in communicating and acting to minimize costs, ” says Andreas Hatzigeorgiou.
Sweden is already one of Europe’s largest financial centres measured as a percentage of our economy.
But LO is not quite as concerned for the lost place.
– Sweden is already one of Europe’s largest financial centres measured as a percentage of our economy, ” says LO-the economist Torbjörn Hållö.
the Banking and financial sector constitute 400 percent of GDP, it is almost level with the Uk. I don’t know if it is so desirable to become larger.
Torbjörn Hållö has been a part of the investigation which suggest a finanskatt, which would mean an additional employer’s contribution of 15% for the financial sector. But he sees it not as a high charge.
” the financial sector is considered to have a tax credit of 20 billion, compared with the other industries that you do not pay vat. About two-thirds of the current tax advantages will remain. So, even if finansskatten will the financial sector have a big tax advantage against other industries.
Torbjörn Hållö highlights also a number of other countries have, or have plans to introduce financial taxes.
” Sweden is not alone. Denmark has already had it since 20 years back and Norway are planning to introduce it. We will see more countries facing an extra tax for banks. So there is no weirdness.
Global Financial Centres is a global ranking of the world’s financial centres. The survey is based on two different sources, both collected factual information, partly in response to a worldwide online survey looking at the, that has been made since 2005.
Ranking finansstäder, 2016
1. London
2. New York
3. Singapore
4. Hong kong
5. Tokyo
6. San Francisco
7. Boston
8. Chicago
9. Zurich
10. Washington DC
Ranking finansstäder, 2015
1. London
2. New York
3. Singapore
4. Hong kong
5. Tokyo
6. Zurich
7. Washington DC
8. San Francisco
9. Boston
10. Toronto
No comments:
Post a Comment