The City welcomes reforms to make London more competitive
Chancellor Rachel Reeves’s Mansion House speech this evening could turbo-charge overseas investment into UK sport, say industry experts.
The Chancellor’s Mansion House reforms matter because they promise more jobs. more capital and better pensions – now they must deliver, says Chris Hayward
The Chancellor’s Leeds Reforms, unveiled at Mansion House, have opened the door to reforms that could boost investment. These reforms aren’t just about the City. These reforms matter because they promise more jobs, more capital, and better pensions across the UK: growth in every region.
For the City of London Corporation, the announcement is also the culmination of a long campaign. In our Vision for Economic Growth report in 2023, I set out the case for a national Financial Services Investment Hub, one that brings together government, regulators and the private sector to create a seamless investor experience. I am proud to see this recommendation taken forward.
Our research shows the UK’s share of financial and professional services foreign direct investment (FDI) has declined by four percentage points since 2017. Meanwhile, other........
