Future Of British Business
Top City Boss Warns Pay Is Causing London to Lose War for Talent
- Top recruits would have to take pay cut to work in UK: Hoggett
- LSE boss wants to improve City of London’s appeal to business
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A top London Stock Exchange Group Plc executive said the UK’s restrictions on executive pay are hindering companies’ efforts to recruit top talent and undermining a push to make the City of London more appealing to businesses post-Brexit.
Top candidates who might be “game changing” for a UK company would probably have to take a pay cut from what they’re paid at an Asian, US or European competitor, Julia Hoggett, chief executive officer of the London Stock Exchange, said in an interview with Bloomberg News.