Britain ‘becoming incubator nation’ of firms that flee London

Britain ‘becoming incubator nation’ of firms that flee London

The UK is at risk of becoming an “incubator nation” which creates promising start-ups before losing them to rival markets, John Healey has been warned. The Chancellor has been told to take immediate action to revive the London stock market, as City leaders warned that the exodus of British start-ups is “not business as usual”. [...]

City taskforce warns Healey UK risks becoming an 'incubator nation'

A City taskforce told John Healey the London stock market needs tax incentives costing up to £1.28bn a year, The Sunday Times reports before the Budget.