In the City: Is London Losing Its Edge as a Global Tech Hub?
Leaders with Francine Lacqua
Bloomberg
4.6 • 64 Ratings
🗓️ 12 June 2025
⏱️ 14 minutes
🧾️ Download transcript
Summary
London has long prided itself on being a global tech hub, promoting the image of a thriving and ambitious capital for innovation. But that reputation is beginning to slip. Major UK fintech firms like Revolut and Wise are shifting their focus—and listings—to the US, drawn by stronger valuations, deeper market liquidity and better access to compute infrastructure.
As more companies look across the Atlantic, can London live up to the tech center image it projects? In this week’s episode of In the City, host Francine Lacqua speaks with Bloomberg editor Amy Thomson to explore whether London is keeping pace or simply masking its decline.
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| 1:03.7 | Podcasts, Radio News. Welcome to In The City. Each week we unpack a story that's crucial to the world's financial capitals. I'm Francine Lacquale. |
| 1:23.9 | Now, London has long prided itself on being a global tech hub, but that reputation is starting |
| 1:29.0 | to falter. Revolut, for example, is considering a listing in New York, pointing to low valuations |
| 1:34.2 | and limited liquidity in the UK market. Meanwhile, Wise, the 12 billion pound money transfer company |
| 1:40.4 | is shifting its primary listing to the US. So these developments are flashing warning signs |
| 1:46.2 | for British lawmakers, but also raising serious questions about London's ambitions as a tech |
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