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Jeremy Hunt: City declinists are ‘profoundly wrong’

Mansion House gathering of City leaders told that talk of London's demise is overblown

By Justin Cash
'Currently we have a perverse situation in which UK institutional investors are not investing as much in UK high-growth companies as their international counterparts,' Hunt tells finance bosses in rallying call for investment in startups
'Currently we have a perverse situation in which UK institutional investors are not investing as much in UK high-growth companies as their international counterparts,' Hunt tells finance bosses in rallying call for investment in startups Photo: Chris J Ratcliffe/Getty Images

Chancellor Jeremy Hunt has used his debut Mansion House speech to tell those questioning London's status as a global hub for finance to stop peddling a "declinist narrative" about the City.

"Recent challenges have led some to lose hope and even peddle a declinist narrative," Hunt told the 10 July gathering of City leaders. "They are profoundly wrong."

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