Standard error? Osborne forgets to notice London extending its lead as world’s top financial centre

Standard error? Osborne forgets to notice London extending its lead as world’s top financial centre

When rookie journalist George Osborne was unexpectedly appointed editor of the Evening Standard back in March, he vowed to put one simple test at the heart of his editorial approach: “is it good for our readers and good for London?”

Financial services play a major role in London’s economy, so Osborne would naturally have been delighted to see London keep the top spot, and in fact move further ahead of its nearest competitor, New York, in the 2017 Z/Yen Global Financial Centres Index.

Doubtless he would have enjoyed reading about it in the Guardian, Times, Independent, Sun, Expressonline on Sky News and Bloomberg, or even on the front page of the other major London daily, City A.M.

He must have therefore been distraught to open his own Evening Standard every day this week and find no coverage of this excellent news for London, apart from one passing reference in a comment piece promoting the advantages of… Luxembourg over Frankfurt as the best place for banks to move from London.

Good for London or good for Luxembourg, George?