"Texas is putting UK businesses in its crosshairs with the launch of a dedicated London office to lure jobs and investment to the low-tax Lone Star State. Lobbyists working in the London office are likely to court UK bosses with incentives including new, fast-track business courts and multimillion dollar subsidies."
"The City's mayor, Susan Langley, travelled to Dallas in February and discussed how London could tap into excitement over the launch later this year of the state's first dedicated stock market, the TXSE. New dual-listing opportunities could connect British and Texan firms to fresh capital."
"The news comes as London tries to reverse a trend where businesses have been abandoning the UK stock market, choosing either to go private or shift their listings to hubs overseas, including New York."
Texas has launched a dedicated office in London to attract UK businesses and investment. This initiative is part of a broader strategy to expand economic ambitions internationally. The state aims to lure companies with incentives such as fast-track business courts and substantial subsidies. Texas does not impose corporation or income tax, making it an appealing destination. The office will target financial institutions in London, particularly in light of the upcoming Texas Stock Exchange, which offers new dual-listing opportunities for British and Texan firms.
Read at www.theguardian.com
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