London has taken the top spot in Europe and is number 2 in the World in the most recent Global Financial Centres Index Survey (31st Edition).

The independent Global Financial Centres Index provides evaluations of future competitiveness and rankings for 119 financial centres around the world based on 150 factors, with quantitative measures from the World Bank, The Economist Intelligence Unit, the OECD and United Nations.

It also uses 74,982 assessments from 11,934 respondents.

Notably, not one EU city apart from London managed to make it into the top 10 – silencing those who said financial centres from around Europe would easily trump the UK capital.

In fact, only four EU cities managed to make it into the top 25 – Paris at number 11, Frankfurt at number 16, Madrid at number 18, and Amsterdam at number 19.

Also strikingly, four out of the eight European financial centres in the top 25 are outside the EU – London, Zurich, Edinburgh and Geneva.

The rest of the top 10 list was unsurprisingly dominated by US and Asian cities that are home to some of the world’s largest economies – Hong Kong, Shanghai, Los Angeles, Singapore, San Francisco, Beijing, Tokyo and Shenzen.

Top 20 global financial centres are ranked as follows:

In a further boost to Brexit Britain, London also topped the most recent European technology cities index to retain its crown as the continent’s most technologically advanced city.

The Smart Cities Index placed London as the leader in Europe due to its infrastructure, deep and highly-skilled talent pool, and widespread adoption of new technology.

Zurich – a non-EU city – was the UK capital’s closest competitor in Europe, followed by the EU’s Copenhagen, which finished fifth.

Source: Global Financial Centres Index Survey (31st Edition)

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