Money transfer firm Wise dealt a crushing blow to the London Stock Exchange on Thursday, after announcing plans to transfer its primary listing to the US.

The loss of the primary listing of the fin tech Wise from London is another body blow to those seeking to reboot its fortunes as the international market where the best ideas find the best capital, writes shadow business secretary Andrew Griffith.

Coming on the eve of London Tech Week it’s a real downer and a sign of a vibe shift which risks London becoming a ‘flyover state’ as talent and money heads instead to cities such as Paris, Abu Dhabi and Riyadh.

The worry is that Wise is just one example of a broader malaise. Labour’s attacks on business and investors are turning London into hostile territory for wealth creators, just as Sadi

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