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Any other business

Nigel Farage is right: the City should not kowtow to Shein

15 June 2024

9:00 AM

15 June 2024

9:00 AM

Nigel Farage and I agree on one thing: a red-carpet welcome at the London Stock Exchange for Shein, the Chinese online fashion retailer, would be ‘a very bad idea’. Valued at £50 billion, Shein could become London’s biggest-ever initial public offering. Both the departing Chancellor Jeremy Hunt and the shadow business secretary Jonathan Reynolds have met Shein’s chairman, Donald Tang, to encourage that prospect.

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