Question to the HM Treasury:

To ask His Majesty's Government what steps they are taking to support advanced AI roles and specialist technology skills in the UK financial services labour market.

Setting the UK’s financial services sector up with the skills and talent it needs is an important pillar of the Government’s Financial Services Growth and Competitiveness Strategy.

This is why the Economic Secretary commissioned the Financial Services Skills Commission (FSSC) to produce a report on how the skills system can drive growth and productivity by supporting more effective adoption and innovation of AI and other disruptive technologies. The FSSC have committed to reporting back by the end of the year.

The Government also committed to support the development of a sector Skills Compact for financial services and aim to launch it in summer 2026. This will accelerate progress and ensure the sector have the skills to thrive in the future. It will set out targeted, meaningful and ambitious actions for signatories to address skills gaps.