MIKE BLOOMBERG: The anniversary helps strengthen the cause of freedom and economic opportunity for all
Mike Bloomberg is the co-founder and CEO of media and financial data giant Bloomberg and a former mayor of New York
Her Majesty’s Platinum Jubilee is a celebration not just for Britain, but for the cause of freedom, democracy and economic growth around the world.
The Queen’s unparalleled 70-year reign demonstrates the value of strong and stable institutions within democracies, where rulers respect the will of the people and ensure the peaceful transition of power.
These qualities are central to the UK’s status as an economic and cultural powerhouse, and inspire foreign investors – including myself – to be optimistic about the UK. As a result, Britain’s future looks very bright.
Five years ago, our company opened our new European headquarters in the heart of the City of London.
Since then, we’ve increased our office space by 35,000 square feet and increased the number of London-based employees by almost 10 percent, adding hundreds of highly specialized roles in technology, analytics, engineering and news.
Our recent investment in Bloomberg UK’s new media platform reflects our optimism about their future as a global financial capital and a growing hub of entrepreneurial innovation.
The anniversary also helps to showcase the UK’s strengths. Amidst all the daily headlines and drama surrounding Brexit, it’s easy to lose sight of what makes the UK such an attractive long-term business proposition.
It offers companies a workforce sustained by a world-class education system, cultural diversity, cutting-edge arts, the language of global business, a time zone that positions it between the US and Asia, and — very importantly — deep-rooted political and legal traditions that are able to develop without succumbing to violence and upheaval.
People outside St Paul’s Cathedral celebrate the Platinum Jubilee
While I was against Brexit, I never for a moment believed the naysayers who thought it meant the end of London as a financial capital or the end of Britain as a global economic powerhouse.
Of course, Brexit has consequences. But in the longer term, the UK is well placed to adapt and thrive in the years and decades to come, as Brits have done so often in the past when faced with challenges on the continent – and I have those full expectation that they will do so again.
When I married a Brit whose father served loyally in the Royal Air Force, I never expected to have a company with almost 4,500 British employees, a head office across from St Paul’s and a foundation working closely with British leaders of all parties — no less for meeting Her Majesty in a garden in Lower Manhattan honoring the British victims of 9/11, which we later renamed in her honor.
As an American who considers London my second home, I am delighted to be attending the Platinum Jubilee celebrations and supporting a sculpture honoring the Queen by London-born designer Thomas Heatherwick, which beautifully captures Britain’s growing economic and cultural vitality.
The Tree of Trees, created by Thomas Heatherwick, stands in front of Buckingham Palace
The Tree of Trees, which stands in front of Buckingham Palace, with 350 UK-grown trees ultimately planted in communities across the UK, honors Her Majesty’s personal history of planting trees around the world.
It celebrates the Queen’s support for the arts, which have become such a central part of the UK economy and a magnet for talent from around the world. And it underscores the Queen’s support for the UK’s leadership on climate change, most recently by hosting the United Nations Climate Change Summit in Glasgow.
In many ways, the UK has been defined under the Queen by qualities much needed around the world: respect for democratic traditions and the rule of law; openness to new cultures and ideas; a commitment to global markets and partnerships; and a forward-thinking commitment to future generations.
The anniversary can inspire all of us to cultivate these values in our countries and help strengthen the cause of freedom and economic opportunity for all.
Mike Bloomberg is the co-founder and CEO of media and financial data giant Bloomberg and a former mayor of New York.
MIKE BLOOMBERG: The anniversary strengthens the cause of economic opportunity for all
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