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Chancellor to host industry forums on Financial Services Growth and Competitiveness Strategy

To inform the design of the inaugural Financial Services Growth and Competitiveness Strategy, the Chancellor is set to host a series of Industry Forums to seek views on the best way to deliver long-term in the sector.

The Strategy is to be published in the Spring, and aims to develop policies to foster growth in the financial services sector. Financial services has been recognised as one of eight key growth-driving sectors in the Government’s Modern Industrial Strategy.

The industry forums will cover the breadth of the sector. In January and February, the Chancellor and the Economic Secretary will chair the first sessions with leaders from retail banking, wholesale and international banking, insurance and reinsurance, asset management, fintech, and the mutuals and co-operatives sector. They will build on the Government’s call for evidence, which closed in December 2024.

Laura Wiles