"The financial services sector is the engine of the UK economy; it must be supercharged - we cannot afford to let it stall. Given the £115 billion investment gap, this Budget must be the moment to inject creativity; capital and confidence needed to drive growth. Sending the right signals to wealth creators is essential for boosting tax receipts that pay for sustainable public services."
"The City Corporation plays a leading role in building the architecture for investment - from the new Office for Investment: Financial Services to delivering the Mansion House Accord. The next step is for Government to help identify a credible pipeline of investible projects to unlock jobs and prosperity across all regions and nations of the UK."
The City of London Corporation highlights financial services as the UK's primary growth engine and urges Chancellor support ahead of the Budget. London's Square Mile generates over £110 billion in annual economic output. The Office for Investment: Financial Services is now fully operational, linking HM Treasury, regulators and the City Corporation to attract investment. Chancellor Rachel Reeves plans to build on the Mansion House Accord to mobilise billions into productivity-boosting projects. Recent research identifies a £115 billion investment gap. The City Corporation's budget submission aims to address this gap and calls for a credible pipeline of investible projects to unlock jobs and regional prosperity.
Read at London Business News | Londonlovesbusiness.com
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