Commons Sense

House of Commons · Ministers' Questions

New York Stock Exchange

Thursday 23 March 2023 · 2 questions

Summarised by AI from the official record, so it can contain mistakes.

Read the full transcript on Parliament.uk

At a glance

Answered 0 Partly answered 2 Not answered 0

Key points

  • UK businesses raised over 17 billion in capital on the New York Stock Exchange in the last three years.
  • The UK attracted over 120 deals on the New York Stock Exchange in the recent period.
  • Government debt is a topic of concern for productive investment, according to the Minister's response.

Topics (select to filter)

Questions & Answers

Q1 Desmond Swayne Con New Forest West
Business & Trade
Context

MP asked about UK companies listing on the New York Stock Exchange in recent years.

Question

If she will make an estimate of the number of UK businesses that chose to list on the New York stock exchange in the last three years.

Answer from Nusrat Ghani

The UK is the most internationally connected financial centre in the world. We continue to attract some of the most innovative and largest companies. More than £17 billion of capital was raised for firms in the UK—a 15-year high—with over 120 deals completed. The UK is taking forward ambitious reforms to rules governing its capital markets, building on our continued success as Europe's leading—globally, the second largest—hub for investment.

Partly answered

Not addressed: Estimate of number of businesses listing on NYSE in last three years was not provided

How: The Answerer Discussed General Successes And Reforms But Did Not Provide Specific Figures Requested.

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Q2 Desmond Swayne Con New Forest West
Economy
Context

MP questioned whether high government debt levels are affecting productive investments in the UK.

Question

Is Government debt crowding out productive investment?

Answer from Nusrat Ghani

My right hon. Friend is always so succinct in his questions, and there is often a huge amount of sense behind it. I fundamentally agree that we need to collaborate with business and industry. The response I want to give to my right hon. Friend's very good question is that, as he will be pleased to know, there is the Lord Hill listing review and the Sir Douglas Flint review, and in particular the Edinburgh reforms, which will be considering competitiveness and will, I think, provide some sort of answer to his question.

Partly answered

Not addressed: The specific impact of government debt on productive investment was not directly addressed.

How: Answerer Mentioned Reviews And Reforms But Did Not Address The Core Issue.

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