Many congratulations to Andrew. We hugely valued his energy and drive in government as City Minister and in opposition as Shadow Business Secretary. We look forward to working with him in his important new role at this critical time for the industry and the country.
CONFIRMED: @griffitha is the new Shadow Chancellor.
Andrew built his career in business before entering politics. He understands what it takes to get businesses investing, hiring and growing.
Working alongside @ClaireCoutinho and Richard Fuller, Andrew will lead our economic unit to get Britain working again and deliver a stronger economy.
Delighted to give my first ministerial
speech this morning at the Capital
Markets Industry Taskforce conference at the London Stock Exchange. I spoke about the Pensions Review which I am leading.
When @TheCityUK held its first conference in Manchester, Sir Howard spoke at the opening dinner. His passion and ambition for the city was inspirational. He had worked via partnership and determination to deliver for its citizens. A rejuvenated Manchester is his greatest legacy.
Encouraging figures from UN agency @UNCTAD - UK is now 4th largest exporter of goods and services. Much of this is built on the strong performance of UK FRPS. We remain the largest net exporter of FS in the world, and 2nd largest exporter of services generally, behind only the US
"Nigeria is an important growth market for the UK-based financial and related professional services industry, and we welcome the signing of the new ETIP." - Nicola Watkinson, Managing Director of International #TheCityUK
"Any investor around the world is looking for the certainty of the business environment and in order to create that there are some practical things that can be done:
🔹 Investor Protection
🔹 Dispute Resolution
🔹 Global Alignment of Regulations
🔹 Aligning to International Standards
🔹 Talent and Innovation
These are the things that are pragmatic and the UK and Rwanda can partner on together." - Nicola Watkinson, Managing Director of International Trade & Investment at @TheCityUK.
#UKRwBusinessForum | #InvestInRwanda | #GoFarGoTogether🇷🇼🇬🇧
We’re proud to be involved in this MoU. TheCity-Ukraine Hub will create a foundation for a deep and growing partnership between the British and Ukrainian FRPS industries. Huge potential. Thanks to all those involved including @mineconomdev@FCDOGovUK@UKinUkraine and many more
Today, we and @LSEplc signed a landmark MoU with @mineconomdev to support the development of Ukraine’s financial & related professional services industry through ‘The City-Ukraine Hub’. Thanks to @FCDOGovUK for supporting this important initiative. @MartinHarrisOBE@UKinUkraine
A very constructive visit to Hong Kong. Great to catch up with valued partners at @FSDCHK and @WAIFC_ and to hold useful meetings with the authorities and businesses to discuss links with 🇬🇧. The energy and ambition in HK is always impressive. Now to Shanghai for more discussions
This week, we were part of the @WAIFC_ delegation at the @AFF_HK, where we had the opportunity to meet Christopher Hui, Secretary for Financial Services & the Treasury of the #HongKong SAR. Our sincere appreciation goes out to @FSDCHK for hosting us.
Collaborating with our members from @AIFC_KZ, @busanfinc, @DIFC, @EDBMauritius, @LuxFinance, @QFCAuthority, and @TheCityUK was a highlight of the event.
📲https://t.co/cbYVkendgx
#AFF2024
Lots of food for thought in this @Cebr_uk report. Plenty of reasons to be optimistic - but not complacent - over the UK’s long-term prospects, one of which is the ongoing strength and innovation in the world class financial and related professional services ecosystem here.
Great to witness the signing of the ground-breaking UK & Swiss Mutual Recognition Agreement on Financial Services, led by Chancellor of the Exchequer @Jeremy_Hunt and Head of the Federal Department of Finance Karin Keller-Sutter.
(1/2)
@hmtreasury@efd_dff@sif_sfi
Great to join lunch with @Jeremy_Hunt in Bern, hosted by @JamesWSquire ahead of the signing of 🇬🇧 -🇨🇭 MRA. A landmark achievement. Credit to @hmtreasury, our partners @economiesuisse and our Swiss Market Group led by Joe Cassidy of @kpmguk
An important point here from @SFE_tweets_ Worth keeping in mind that international financial centres compete on tax rates, but also on tax code complexity. The most successful tend to have streamlined and easy to navigate tax systems.
Very pleased by appointment of Rachel Kent as the Financial Regulators Complaints Commissioner.
This is an absolute ‘game changer’ in holding the financial regulators to account, ensuring decisions are supported by the data and that proper processes are followed.
The beefed up role - appointed for the first time directly by Ministers not the regulators themselves - is the result of changes we made in FSMA 2023.
https://t.co/0lzmaD2J6l
Delighted to be in #Berlin for our 🇬🇧🇩🇪financial services dialogue meeting and be joined by the dialogue’s new co-chair Katharine Braddick of @Barclays and our partners @FMFdigital@cityoflondon to explore opportunities for collaboration between our industries.
@TCUKmiles
To mark St. Andrew’s Day @SFE_Sandy & @TCUKmiles have penned an op-ed in @CityAM celebrating the ties between financial services in Scotland and London, and discussing how our long-standing relationship with The City can drive growth.
Read on page 17: https://t.co/TC9RZQJ2BZ
Very saddened to hear of the death of Alistair Darling. It was he who commissioned Sir Win Bischoff’s report that helped lead to the creation of @TheCityUK He even chose the name. A strong supporter of the positive role of our industry. Our thoughts are with his family.
Great to have joined @KemiBadenoch and business leaders from around the world at Lancaster House this evening for the launch of the Global Investment Summit. The UK is a magnet for investment and talent and the GIS will be an important opportunity to showcase that.
I am in the US this week meeting with key stakeholders and members in Washington DC and New York to strengthen ties between 🇬🇧 and 🇺🇸financial and related professional services industries.