'Stop throwing shade' - the woman trying to stop firms leaving the UK
Dame Julia Hoggett, head of the London Stock Exchange, has urged the UK government to create structural incentives to keep domestic companies from listing in the US. She argues that negative sentiment and a lack of support are driving firms to move their listings overseas.
Why it matters
The exodus of major companies from the London market poses a significant threat to the UK's economic standing, tax revenue, and business valuation.
Figure caption, Dame Julia Hoggett says negative sentiment about the UK market has pushed companies to leave in the past
The UK needs to do more back its own companies at a time when a growing number are choosing to list their shares in the US rather than at home, the boss of the London Stock Exchange (LSE) has told the BBC.
Dame Julia Hoggett said the government needed to make it "more attractive" to invest in the UK stock market, otherwise big firms would continue to look overseas for their next stage of growth.
Over the last few years, scores of big firms have left the London market , are considering a move or have been bought by private foreign investors.
The fear is this weakens the UK economy by reducing tax revenues and depressing business valuations.
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