Financial services growth targeted by the Chancellor

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Financial services growth targeted by the Chancellor

HM Treasury has confirmed that the Chancellor will be hosting a series of Industry Forums in January and February with the aim of seeking views about the best way to deliver long-term in the sector and across the country.

Financial services have been identified as a key growth-driving sector in the government’s Modern Industrial Strategy. The Industry Forums will help to make sure that the key issues that matter most in the financial services industry are considered as part of the government’s upcoming Financial Services Growth and Competitiveness Strategy.

The forums will be chaired by the Chancellor and the Economic Secretary, with leaders from retail banking, wholesale and international banking, insurance and reinsurance, asset management, fintech, and the mutuals and co-operatives sector all involved.

Rachel Reeves, the Chancellor of the Exchequer, explained that the financial services sector is at the heart of her mission for growth.

It’s expected that the Financial Services Growth and Competitiveness Strategy will be published later in the year.

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