# A London mayor shouldn’t be squeamish about wealth

- URL: https://talkfuse.com/story/a-london-mayor-shouldnt-be-squeamish-about-wealth/
- Published: 2026-11-10T11:25:04+00:00
- Updated: 2026-11-10T12:40:34+00:00
- Original publisher: City AM (publisher lean: Right)
- Original article: https://www.cityam.com/a-london-mayor-shouldnt-be-squeamish-about-wealth/
- Topics: Business

## Key points

- Sara Gezdari says London’s mayor should support wealth creation and business.
- She cites a 46.2 per cent tax burden on banks in London.
- She argues London must compete with global cities for investment.

## Summary

Conservative mayoral candidate Sara Gezdari argues that London’s next mayor should champion wealth creation and business. Drawing on her childhood in Albania during the collapse of pyramid schemes and the state, she says prosperity and the rule of law cannot be taken for granted, and warns that London is losing opportunities under a decade of Labour leadership at City Hall.

Gezdari says profit can encourage investment, including housebuilding, and calls for a faster, less costly route to listing companies on the London Stock Exchange. She cites estimates that banks face a 46.2 per cent tax burden in London, compared with 39 per cent in Frankfurt and 28 per cent in New York, and says the bank surcharge has doubled. She also points to JP Morgan’s planned Canary Wharf development, expected to house 12,000 employees, and argues London should compete internationally.

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Summarised by TalkFuse (https://talkfuse.com/). Quote the original publisher for the reporting and link this page for the summary and discussion.