The Financial Times Stock Exchange has dictated who the “big boys” of British business are for over thirty years. Many expect that FTSE 100 companies should base themselves in this country.
However, whilst London still dominates UK business, an increasing number of companies are looking elsewhere. The lure of lower tax rates and infrastructure costs is making countries like Switzerland more attractive.
It has long been a political issue that some firms aren’t paying enough tax. This movement of company headquarters offshore could be seen as an attempt to avoid paying their share.
In the UK, predictably, the South still has the vast majority of company HQs. The North is being left behind.
Is this the norm in Europe? France and Germany are two of the three biggest economies in the Eurozone. Will their capital cities dominate in the same way London does in the UK?