Government launches Monaco Boost incubator

France will reopen bars and restaurants in the country’s “green zones”, including the French Riviera, on Tuesday 2nd June, provided the health situation doesn’t deteriorate.

The Barclays UK Prosperity Map released on August 30, 2016 reported that every region in the UK is more prosperous, despite the uncertainty of the previous year. Other key points in the annual publication include the fact that 1 in 67 Brits is now a millionaire – up by a third since 2010 – and prosperity hot-spots are thriving outside London and the South East. Scotland has seen the biggest increase in household wealth, helping it rise three places in the index ranking, although the number of Scottish millionaires has dropped 10 percent. While 690,000 people in the UK are worth at least seven figures, this figure may be down 3.8 percent from 2015. However, since 2010, it has increased 34 percent. Despite uncertain economic conditions during the year caused by volatile stock markets, China’s slowdown and the lead up to Brexit, Barclays’ Prosperity Index –which is compiled by Opinium on behalf of Barclays, who use factors such as average annual pay, the percentage of households giving to charity, business growth rates and exam scores – showed an overall uplift in prosperity across every region of the UK in comparison to last year’s study, with rising house prices and entrepreneurship driving prosperity in cities across the UK. Although London continues to be the most prosperous city overall, other UK cities are emerging as prosperity hot-spots. In a sign of their status as increasingly attractive areas to live and work, both Bristol and Cambridge saw higher growth in house prices than London, at 14% for Cambridge and 13% for Bristol, compared to just 11% in London. Akshaya Bhargava, Chief Executive, Wealth, Entrepreneurs and Business Banking, Barclays, said, “The research shows that not only is the UK still ‘open for business’. It is particularly reassuring to see that there is strong activity throughout the whole of the UK.” He added, “As we look at the future of global trade and inward investment post-Brexit it is the success of our entrepreneurs that will help drive future prosperity – it is essential that business leaders and policy makers continue to nurture these growth areas in order to ensure that these trends continue.” Closer to home, Barclays Monaco, which was founded in 1923, was the first foreign bank in the Principality. Its core business today is wealth management and under the direction of Francesco Grosoli, CEO EMEA at Barclays Wealth and Investment Management, Barclays Monaco has a team of 200 serving High Net Worth and Ultra High Net Worth clients in the Principality, but, as a bank, it can also provide a full suite of services to clients living in Monaco.