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).