The UK's stock-marketed listed companies have lost so much value that France is now number one.
Britain's stock market has lost its position as Europe's most-valued, as the economic slowdown weighs on UK companies, data shows.
It is the first time Paris has overtaken London since records began in 2003, according to data from Bloomberg.London's FTSE 250 share index - which lists medium sized companies - has slumped by more than 17% over the last year as consumers and businesses struggle with rising inflation and higher interest rates.
According to Bloomberg, France's luxury goods makers helped to boost the overall value of the country's CAC 40 index of leading companies.
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