Stories

Thu, 18 Jun 2026

Thu, 18 Jun 2026 Why has Texas set its sights on London?

Texas, which once had an embassy in London, strengthens its ties with the capital by opening a new trade office.

* A new dedicated office has been opened by the State of Texas in London, aiming to grow international trade and tourism and support economic activities.
* Trade between Texas and the UK is already worth around $17bn per year, with a goal to increase business ties.
* The office will focus on "dual listings" between the London Stock Exchange and the Texas Stock Exchange, creating jobs and opportunities for businesses in both countries.
* Austin, the capital of Texas, is also promoting its own stock exchange as a rival to New York's "Y'all Street", with Mayor Kirk Watson stating that international relationships like this one are crucial for cities working together on issues like AI and climate change.
* Economist Alexander Harvey notes that while London has experienced mixed economic fortunes, attracting investment in productivity-enhancing technologies is essential for the city's growth.
* The City of London Corporation welcomes the move, viewing it as a "huge boost of confidence" and highlighting its role as a gateway to capital markets around the world.