Claims extracted
24
sentences that state something as happening or true
Uncertain
0%
0 of 24 hedged
("reportedly", "may", "according to")
Leaning
withheld
no quote in the article backed the model's score
Publisher signals
68/100
BBC News's corrections and
hedging, across everything collected from it. Not a measure of accuracy.
Outlets on this story
1
Economy/Business
Same framing elsewhere
1
articles that frame the event the way this one does
- Published
The UK needs to do more back its own companies at a time when a growing number are choosing to list their shares in the US rather than at home, the boss of the London Stock Exchange (LSE) has told the BBC.
asserted
boss → publish → BBC
Dame Julia Hoggett said the government needed to make it "more attractive" to invest in the UK stock market, otherwise big firms would continue to look overseas for their next stage of growth.
asserted
firms → say → growth
Over the last few years, scores of big firms have left the London market, are considering a move or have been bought by private foreign investors.
asserted
scores → leave → investors
The fear is this weakens the UK economy by reducing tax revenues and depressing business valuations.
asserted
this → weaken → valuations
"If we want Britain to back Britain, which is what I hear the chancellor and the prime minister saying, then let's make sure that we're creating structural incentives to do so," Dame Julia told the BBC's Big Boss podcast.
asserted
Julia → want → podcast
"We need to take the handbrake off."
The LSE's main market is made up of around 930 companies with a total market value of about £4.9 trillion.
asserted
market → need → trillion
Almost 40% are international businesses, hailing from over 80 countries.
asserted
% → hail → countries
But in the last few years, many firms have delisted or moved away from the LSE, including takeaway chain Just Eat, which joined the Amsterdam stock exchange, travel giant Tui which opted for Frankfurt, and Paddy Power-owner Flutter which now trades in New York.
asserted
which → delist → York
Meanwhile, the number of companies newly listing their shares in London has dwindled.
asserted
number → list → London
Last year, there were 23 initial public offerings (IPOs) on the London market, with £2.1bn raised.
asserted
2.1bn → be → market
In the US, which has much larger capital markets, there were 354 with $44bn (£33bn) raised.
asserted
which → have → 44bn
It has coincided in a big rise of UK investment money flowing into US stocks in search of better returns.
asserted
It → coincide → returns
"We talk as a nation about wanting growth in every postcode, but at the moment, a lot of us are funding growth in every zip code," Dame Julia said.
asserted
Julia → talk → code
There was "no shortage of great companies and no shortage of capital", she added.
asserted
she → be → capital
But negative sentiment about the UK market - which was often exaggerated - had contributed to companies leaving in the past, she said.
asserted
she → exaggerate → past
"We need to stop throwing shade at ourselves as a nation... it's a national habit."
asserted
it → need → nation
However, she said British people needed more "incentives" to invest in UK stocks.
asserted
people → say → stocks
She wants the government to scrap the 0.5% tax, external Britons pay when they purchase UK shares, pointing out there is no tax when they buy foreign stocks.
asserted
they → want → stocks
She also supports the idea of tax credits for Britons investing domestically.
asserted
She → support → Britons
The UK had such a scheme until 2016.
asserted
UK → have → 2016
Business lobbying group the Confederation of British Industry has called for urgent action to halt the exodus of firms from the London Stock Exchange.
asserted
group → call → Exchange
It said that lighter regulation, better marketing and incentives for investors were needed to stem the outflow.
asserted
regulation → say → outflow
The government declined to say if stock market reform would be part of its Budget this month.
asserted
reform → decline → Budget
"As has always been the case, decisions on tax are a matter for the chancellor to set out at fiscal events, rather than routinely commenting on rumour, speculation or proposals," a spokesman said.
asserted
spokesman → set → rumour
The Aporia
