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The head of Britain’s biggest investment company has said London is falling behind rival financial centres because of “over-regulation” and “misguided political interventions”, according to the Daily Telegraph. Speaking to the paper, Sir Nigel Wilson, chief executive at Legal & General, which manages £1.2tn of savers’ money, says the country largely missed out on the technology boom of the early 2000s and risks being left behind again because it is failing to help fledging businesses raise money or float on the stock market.