Journalism plays a crucial role in covering pressing issues, including reproductive rights and climate change. Economic shifts post-Brexit have affected London's standing as a financial hub. Goldman Sachs reports increasing employee numbers in other European cities, indicating a shift of talent from London. This adjustment is attributed to market demands and mobile capital. The Independent emphasizes the importance of accessible journalism funded by public donations rather than paywalls, supporting balanced reporting across political lines.
David Solomon, chairman and chief executive of Goldman Sachs, emphasized that "the financial industry is still driven by talent and capital formation, and those things are much more mobile than they were 25 years ago." He observed that London continues to be important but has become less central due to Brexit, as evidenced by an increase in the bank's Paris workforce, growing from 80 to 400 people over a decade.
Mr. Solomon highlighted the impact of Brexit on London's financial stability, stating that the migration of talent away from London to other European cities has altered the dynamics of the financial industry, making the continent a stronger rival for London in terms of workforce and influence.
Collection
[
|
...
]