Levene calls on Government to 'back a winner'
Lord Levene, chairman of Lloyd's has called for greater support from government for the City of London and the insurance industry. The cross-bench peer bemoaned the lack of tax incentives for businesses in the UK, which he said were forcing insurers to look offshore, and said that as a percentage of UK trade and investment, the government should be "backing a winner".
He said:
"Having been on both the receiving and transmitting ends of so many speeches, concerning the dominant position of the City of London, I am well aware of the danger of bombarding one’s audience
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