UK Finance has set out what it considers should be the next government’s key financial services priorities. These include:
- reviewing personal savings allowances;
- focus on financial education through the schools curriculum;
- tackle financial abuse;
- extend the Growth Guarantee Scheme;
- introduce new anti-fraud and scams legislation drawing on the Fraud Charter;
- make tech, social media and telecoms companies contribute to the cost of tackling economic crime and fraud reimbursement;
- issue a digital HM Treasury-backed gilt to encourage securities tokenisation to develop;
- create a Government Champion for Competitiveness to provide a yearly report to Parliament on the burden of financial services regulation and its impact on different types of firm; and
- use the Berne agreement as a blueprint for other international cooperation agreements.