Wall Street is a street in the Financial District of Lower Manhattan in New York City. Eight city blocks long, it runs between Broadway in the west to South Street and the East River in the east. The term "Wall Street" has become a metonym for the financial markets of the United States as a whole, the American financial services industry, New York–based financial interests, or the Financial District itself. Anchored by Wall Street, New York has been described as the world's principal financial and fintech center.
The Financial Times (FT) is a British daily business newspaper printed in broadsheet and also published digitally that focuses on business and economic current affairs. Based in London, the paper is owned by a Japanese holding company, Nikkei, with core editorial offices across Britain, the United States and continental Europe. In July 2015, Pearson sold the publication to Nikkei for £844 million after owning it since 1957. In 2019, it reported one million paying subscriptions, three-quarters of which were digital subscriptions. The newspaper has a prominent focus on financial journalism and economic analysis rather than generalist reporting, drawing both criticism and acclaim. It sponsors an annual book award and publishes a "Person of the Year" feature.
Scottish independence is the idea of Scotland regaining its independence and once again becoming a sovereign state, independent from the United Kingdom. The term Scottish independence refers to the political movement that is campaigning to bring it about.
Euronext N.V. is a pan-European bourse that provides trading and post-trade services for a range of financial instruments.
Michel Barnier is a French politician who served as the European Commission's Head of Task Force for Relations with the United Kingdom from 2019 to 2021. He previously served as Chief Negotiator, Task Force for the Preparation and Conduct of the Negotiations with the United Kingdom under Article 50 TEU from October 2016 to November 2019.
Brent Shawzin Hoberman is a British entrepreneur and investor. During the dot-com boom, he co-founded lastminute.com with Martha Lane Fox in 1998, where he was CEO from its inception, before selling the business to Sabre in 2005 for $1.1bn.
Michael Alan Spencer, Baron Spencer of Alresford, sometimes known as "Spens", is a British billionaire businessman and philanthropist. He is the founder of NEX Group, a UK-based business focused on electronic markets and post-trade business which was acquired by CME Group in November 2018. NEX Group was formerly known as ICAP, until the sale of its voice-broking business to Tullett Prebon in December 2016.
A financial centre or financial hub is a location with a significant concentration of participants in banking, asset management, insurance, and financial markets, with venues and supporting services for these activities to take place. Participants can include financial intermediaries, institutional investors, and issuers. Trading activity can take place on venues such as exchanges and involve clearing houses, although many transactions take place over-the-counter (OTC), directly between participants. Financial centres usually host companies that offer a wide range of financial services, for example relating to mergers and acquisitions, public offerings, or corporate actions; or which participate in other areas of finance, such as private equity, hedge funds, and reinsurance. Ancillary financial services include rating agencies, as well as provision of related professional services, particularly legal advice and accounting services.
The economy of London is dominated by service industries, particularly financial services and associated professional services, which have strong links with the economy in other parts of the United Kingdom (UK) and internationally. In addition to being the capital city of the United Kingdom, London is one of the world's leading financial centres for international business and commerce and is one of the "command centres" for the global economy.
Mark Joseph Carney is a Canadian economist and banker who was the governor of the Bank of Canada from 2008 to 2013 and the governor of the Bank of England from 2013 to 2020. He is chairman, and head of impact investing at Brookfield Asset Management since 2020, and was named chairman of Bloomberg Inc., parent company of Bloomberg L.P., in 2023. He was the chair of the Financial Stability Board from 2011 to 2018. Prior to his governorships, Carney worked at Goldman Sachs as well as the Department of Finance Canada. He also serves as the UN Special Envoy for Climate Action and Finance.
Chuka Harrison Umunna is a British businessman and former politician who served as Member of Parliament (MP) for Streatham from 2010 until 2019. A former member of the Labour Party, he was part of the Shadow Cabinet from 2011 to 2015. He left Labour in February 2019, when he resigned to form The Independent Group, later Change UK, along with six other MPs. Later in 2019, he left Change UK and, after a short time as an independent MP, joined the Liberal Democrats. In the 2019 general election, he was unsuccessful in being re-elected as an MP and did not return to the House of Commons.
Sir Paul Roderick Clucas Marshall is a British investor.
David George Hamilton Frost, Baron Frost is a former British diplomat, civil servant and politician who served as a Minister of State at the Cabinet Office between March and December 2021. Frost was Chief Negotiator of Task Force Europe from January 2020 until his resignation in December 2021.
Barclays plc is a British multinational universal bank, headquartered in London, England. Barclays operates as two divisions, Barclays UK and Barclays International, supported by a service company, Barclays Execution Services.
Brexit was the withdrawal of the United Kingdom (UK) from the European Union (EU). Following a referendum on 23 June 2016, Brexit officially took place at 23:00 GMT on 31 January 2020. The UK is the only sovereign country to have left the EU. The UK had been a member state of the EU or its predecessor, the European Communities (EC), since 1 January 1973. Following Brexit, EU law and the Court of Justice of the European Union no longer have primacy over British laws. The European Union (Withdrawal) Act 2018 retains relevant EU law as domestic law, which the UK can amend or repeal.
Fintech, a clipped compound of "financial technology", refers to firms using new technology to compete with traditional financial methods in the delivery of financial services. Artificial intelligence, blockchain, cloud computing, and big data are regarded as the "ABCD" of fintech. The use of smartphones for mobile banking, investing, borrowing services, and cryptocurrency are examples of technologies designed to make financial services more accessible to the general public. Fintech companies consist of both startups and established financial institutions and technology companies trying to replace or enhance the usage of financial services provided by existing financial companies.
London independence, sometimes shortened to Londependence and Londexit, refers to a belief favouring full-fledged independence for London as a city-state separate from the United Kingdom. The idea received particular attention after the 2016 United Kingdom European Union membership referendum, in which the country at large voted to leave the European Union, but 60% of Londoners voted to remain, though the concept of an independent London had been discussed sporadically for some years before.
The economic effects of Brexit were a major area of debate during and after the referendum on UK membership of the European Union. The majority of economists believe that Brexit has harmed the UK's economy and reduced its real per capita income in the long term, and the referendum itself damaged the economy. It is likely to produce a large decline in immigration from countries in the European Economic Area (EEA) to the UK, and poses challenges for British higher education and academic research.
The Renew Party was a minor centrist political party in the United Kingdom. It was set up in 2017 to provide an alternative for moderate voters in the wake of the 2016 United Kingdom European Union membership referendum. The party described itself as wanting to reform existing political structures and did not identify with either left-wing or right-wing ideologies. It welcomed candidates and members from non-political backgrounds.
Fish for finance is a possible trade-off that has been considered by both sides in the trade negotiations between the United Kingdom and the European Union (EU) over their future relationship following Brexit in January 2020. The Brexit withdrawal agreement between the two parties called for an agreement on fisheries to be concluded by June 2020, followed by an agreement on financial services at the end of July, deadlines which were both missed. Both were expected to be part of the final EU–UK trade agreement reached by the end of 2020, the end of the Brexit transition period. The final agreement had some broad outlines for a future fishing deal, primarily gradual EU concessions of fishing quota in UK waters, but was largely silent on finance.
