London is our hi-tech rival, says New York mayor

New York mayor Michael Bloomberg has said that the growth of London’s Silicon Roundabout as a global tech centre is a cause for major concern.

The capital is attracting growing numbers of hi-tech start-ups, often based around Old Street roundabout, and is giving New York a run for its money in attracting firms away from California’s Silicon Valley.

Speaking during a seminar at law firm Proskauer’s New York office, Bloomberg said: “Our competition is only going to be in other cities that have similar kinds of characteristics. And the city that comes to mind is London.”

He added that immigration issues were driving people to the UK and said that London was family-friendly and spoke “the business language of the world”, according to the Evening Standard.

Bloomberg is unlikely to be too dismayed at London’s success, however, as he is set to move to the capital. He will become the new chairman of the recently revamped Serpentine Art Gallery when his mayoral term ends this year.

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