How to Keep Jobs in UK Cities
Easing the rules for listing tech companies on the London Stock Exchange could create new jobs in UK cities, but only if steps are taken to revive inner-city infrastructure.
"There is a rich crop of innovative European high-tech companies that will be going to the financial market over the next few years. We're determined to make sure that as many as possible should do an IPO and float in the UK, not elsewhere," said David Willetts, the UK Minister of State for Universities and Science, in a statement in September. "I have no doubt that this new route to market will help to bring new investment and new jobs to London in the months ahead."
The move could be seen as a riposte to an easing of the equivalent US regime created by the Jumpstart Our Business Startups Act, signed into law by President Barack Obama in April 2012, or as a grab for offshore companies from Euroland to come and engage with the UK.
Part of Willetts's argument runs along the lines that companies that launch initial public offerings of shares create more jobs than companies that stay private, according to a report in UBM's future cities. >>More here