osborne visits wall st urging strong postbrexit ties
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

Osborne visits Wall St. urging strong post-Brexit ties

Arab Today, arab today

Arab Today, arab today Osborne visits Wall St. urging strong post-Brexit ties

Following the Brexit vote, Finance Minister George Osborne
New York - AFP

British Finance Minister George Osborne visited the US financial capital of New York on Monday, trying to reassure investors worried about Britain's vote last month to exit the European Union.

"We might be quitting the EU but we're certainly not leaving global free markets, free trade," Osborne said in an interview with MSBNC television before beginning a series of meetings with Wall Street investors.

The chancellor of the exchequer, who campaigned for Britain to remain in the 28-nation bloc, began a world tour to tout the benefits of a post-Brexit Britain.

"One of the messages we've got to send the world is we're not turning in on ourselves as a country," Osborne said.

He pointed to Britain's desire to seal free-trade pacts with the United States and in Asia. Next week he is scheduled to lead a trade mission to Singapore and China.

Osborne has been attempting to tamp down concerns raised by the unexpected Brexit vote on June 23 that shook financial markets and raised doubts that the City of London could retain its status as a top financial center.

"While Britain's decision to leave the EU clearly presents economic challenges, we now have to do everything we can to make the UK the most attractive place in the world to do business," Osborne said in a statement released by the Treasury.

Osborne reaffirmed to MSNBC his controversial plan to slash Britain's corporate tax over fears of an exodus by big business. He wants to lower the rate from about 20 percent to under 15 percent, compared to 17 percent previously proposed.

The government "wants to cut business taxes still further to make the UK the place to go to do business and help British firms grow," he said.

In an opinion article published in The Wall Street Journal on Monday, Osborne insisted that London intended to remain a major player in global finance.

"The UK is a leading financial center serving not just the continent of Europe, but the entire world. We have been following a clear plan to make ourselves a global hub for the renminbi, rupee, Islamic finance, green finance and fintech business," he wrote.‎

"As I will tell Wall Street, we want more finance in London, not less."

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

osborne visits wall st urging strong postbrexit ties osborne visits wall st urging strong postbrexit ties

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

osborne visits wall st urging strong postbrexit ties osborne visits wall st urging strong postbrexit ties

 



GMT 16:47 2017 Wednesday ,29 March

Asala feels more nostalgic for Syria

GMT 06:10 2017 Monday ,20 February

Tourism shows signs of recovery in Egypt

GMT 01:59 2017 Saturday ,02 September

April21st-May21st

GMT 23:09 2017 Monday ,04 September

Bahrain condemns North Korea's nuclear test

GMT 02:12 2017 Tuesday ,11 July

6 killed in market fire in Nepali capital

GMT 21:41 2017 Saturday ,27 May

Palestinian prisoners end mass hunger strike

GMT 12:11 2015 Wednesday ,21 October

Einstein's theory stands test of time
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday