In 2006, London was raising a billion pounds a week on the stock market. Today it’s down 99% - the London Stock Exchange lags behind Mexico for IPOs. Why? Stamp Duty Taxes and ESG regulations top the list of reasons London isn’t seen as desirable. Capital can move. If a country makes itself less desirable to the wealthy and successful, they don’t lose any sleep over it they just go where they are treated best. The UK is now making itself less desirable across the board. It’s less safe, less free and sky high- tax. Every country has to make the choice: - become a desirable place for business/wealth and thrive. - become high-tax, high regulations and flounder.