Commenting on the Chancellor’s Mansion House speech, Miles Celic, Chief Executive Officer, TheCityUK said:

“It is very encouraging to hear the Chancellor underline the important role financial and related professional services have to play in delivering growth. The issues she covered, including boosting investment, pensions reform, emphasising the regulators’ remit around growth and competitiveness and the need for sensible recalibration on risk, as well as her commitments to support the UK to become the world’s leading hub for sustainable finance, echo much of what our industry has been calling for.

Her focus on innovation and modernisation, including a pilot for delivering a Digital Gilt is also positive to hear, as is her intention to publish a pro-growth, pro-competitiveness long-term strategy for the industry. These are all critical to ensuring the UK’s competitive position as a world-leading international financial centre. We look forward to continuing to work with the Chancellor and the government to deliver these reforms and initiatives.”