welcome to the brussels edition bloomberg’s daily briefing on what matters most in the heart of the european union in addition to the uk’s other woes london is on the verge of losing its place as europe’s biggest equity market to paris the fallout from uk prime minister liz truss’s rough start has closed the gap between the market capitalization of companies on the two exchanges to near record lows according to an index we compile the differential between the uk and french markets has been gradually eroding since britons voted to leave the eu in 2016 and now the plummeting pound is doing fresh damage new companies are staying away too just 138 billion has been raised through initial public offerings in the uk this year representing 14 of the european total the smallest share in more than a decade