Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what are the terms of reference of the Progress Together commission in relation to socio-economic background.

Ensuring that the UK’s financial services sector can attract, develop and retain talented people will be fundamental for growth, productivity, innovation and opportunity across every region and nation.

The Economic Secretary will commission Progress Together to examine whether the UK’s financial services sector is retaining future-critical skills, and whether attrition risks differ by socio-economic background and region. This is confirmed in the Chancellor’s Budget 2026, available at the following link: Budget 2026 document - GOV.UK