That Revolut — a company that has made little dent in the US, serves 11 million customers in the UK and was started in a fintech incubator in London’s Canary Wharf neighborhood — would consider a New York listing should perhaps be the starkest warning sign for British lawmakers.

The London Stock Exchange has been dealt a fresh blow after Wise said it would ditch its primary listing in the UK in favour of a dual listing across the pond

Wise, which will maintain a secondary listing in London, had been exploring its listing options lately - a shift seen across the London markets due to stunted growth opportunities and lower valuations.