The UK government has published its Financial Services Growth and Competitiveness Strategy, a ten-year plan to drive growth and competitiveness in the UK financial services sector. The strategy follows a call for evidence issued in November 2024 and has been published in tandem with the Leeds Reforms and the UK Chancellor of the Exchequer's speech, delivered at Mansion House on 15 July. The strategy covers five areas of focus: (i) delivering a competitive regulatory environment; (ii) harnessing the UK's global leadership of financial services; (iii) embracing innovation and leveraging the UK's fintech leadership; (iv) building a retail investment culture and delivering prosperity through UK capital markets; and (v) setting the UK's financial services sector up with the skills and talent it needs. The strategy encompasses a wide range of proposals and initiatives announced on 15 July, with key take-aways for the financial sector covered in our webinar delivered on 16 July.
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