Chancellor launches industry forums to shape UK financial services growth and competitiveness strategy
HM Treasury has announced that as part of Chancellor Rachel Reeves’ plan for a Financial Services Growth and Competitiveness Strategy, Reeves will host a series of industry forums to engage with leaders from various sectors of the industry, including retail banking, wholesale and international banking, insurance and reinsurance, asset management, fintech, and the mutuals and co-operatives sector. The Strategy, scheduled for publication in spring 2025, will focus on fostering innovation and investment within the financial services sector in order to leverage the sector's central role in driving economic activity. The forums will build upon the responses received to the Government’s Call for Evidence on the Strategy, which closed in December 2024.