""If the City of London does well, it will be felt in everybody's pockets,""
""I am hoping the chancellor will announce measures to stimulate growth and global competitiveness,""
""tremendous success story for the UK""
""If we can't support the sector, we stunt huge opportunities for growth,""
The City of London employs about 676,000 people and contributes roughly £109bn to the UK economy, while Greater London contributed about £618bn in 2023, around 22% of GDP. City leaders urge Budget measures to stimulate growth and global competitiveness, including removing stamp duty on shares and avoiding tax increases on financial services. There is strong emphasis on welcoming new technologies and AI and supporting fintech, which is a leading UK hub for innovation. Fintech representatives call for more support for entrepreneurs to capture global growth opportunities and sustain sector success.
Read at www.bbc.com
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