Person
Labour MP serving as Economic Secretary to the Treasury, known as the City Minister, with responsibility for UK financial services and capital markets policy.
Peel Hunt counts 42 live bids worth £74bn for London-listed firms, more than double the £35bn bid across 2025. Bid numbers are close to 2025's and the targets are larger, so the stronger evidence that London is emptying sits on the listing side.
Reality
City minister Lucy Rigby says London's listing reforms are "not a job done", citing the £5.3bn Airtel Money IPO as a sign of "renewed momentum". For boards choosing a venue, the Treasury is signalling more reform but has not yet named a measure they could price.
Reality
Britain's Treasury named six banks, among them Barclays, HSBC and Morgan Stanley, to underwrite DIGIT, its first digitally native gilt, due by end-Q1 2027. The choice settles who sells sovereign debt onchain well before the bond's yield can show what onchain settlement costs.
Perspective Coverage
6 publishersReality
Tom Burnet, chair of Baillie Gifford US Growth Trust, has asked ministers for new rules on activists while Saba Capital holds nearly 30% of the trust. Shareholders vote in two weeks, so the board has to hold off Saba under rules Burnet says were not built for campaigns like this one.
Reality
The proposed secondary objective arrives with an explicit stability carve-out and an annual report to Parliament, which leaves June's reserve rule, not the statute, as the number that prices a sterling stablecoin business.
Perspective Coverage
4 publishersReality