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Bank of England proposes ‘concierge’ service to welcome foreign firms

Prudential Regulation Authority has been studying rule changes that could boost growth
The Bank of England has been looking at a similar service already operating in Singapore

The Bank of England said it is considering setting up a “concierge service” to help foreign companies looking to establish a UK operation, as it responded to the government’s request for growth-enhancing measures.

The central bank has been studying a similar service that is already offered by Singapore, Sam Woods, head of the BoE’s Prudential Regulation Authority, said in his letter to the prime minister published on Monday.

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