Financial Services

(asked on 29th August 2023) - View Source

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what steps his Department is taking to support the growth of the financial services sector.


Answered by
Andrew Griffith Portrait
Andrew Griffith
Minister of State (Department for Science, Innovation and Technology)
This question was answered on 5th September 2023

In July, the Chancellor set out his ambitious Mansion House Reforms package, which will help to support the growth of the financial services sector by:

o reforming the pensions market to boost returns and improve outcomes for pension fund holders whilst increasing funding liquidity for high-growth companies;

o helping companies grow and list in the UK; and

o enabling us to seize the opportunities of the future by reforming and simplifying our regulatory rulebook.

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