Chancellor gives 2026 Mansion House speech

On 14 July, the Chancellor’s annual Mansion House Speech highlighted:

• progress against the economic strategy;
• plans to unlock investment generally and specifically though a new SME lending package; and
• further regulatory reform.

Our separate FIN posts cover the key papers of interest to financial institutions.

Among other progress reports, the Chancellor mentioned:

• a new stage of pilot transactions for the “Great British Tokenised Deposit”;
• UK businesses being able to access AI payment tools as Mastercard chose the UK as the first place in Europe to launch new agentic payments; and
• the UK being set to be the first G7 country to issue a Digital Sovereign Bond (next year).