Long-Term Competitiveness Group

Our Long-Term Competitiveness Group (LTCG) is our senior member body responsible for ensuring that government and regulators develop and implement policies designed to ensure that the UK remains an internationally attractive and competitive place for financial and related professional services firms to invest and do business.

The group provides strategic oversight to our policy work, ensuring that long-term competitiveness issues for the industry are considered and addressed by policymakers as business adapts to technological, environmental, and social change. It is focused on influencing the future shape of the UK’s regulatory, legal, and tax regimes and the approach of its regulatory and supervisory authorities.

With the support of specialist policy committees, the LTCG supports TheCityUK in celebrating the strengths and success of our industry, while ensuring that the UK policy and regulatory landscape continues to evolve in a way which supports the industry’s continued growth and success.

The group is supported by several specialist committees:  

Our latest long-term competitiveness work:

Response to the Housing, Communities and Local Government Select Committee’s draft commonhold and leasehold reform bill

Our response welcomes the government’s aim to reform leasehold and commonhold, but raises serious concerns about the draft Bill’s retrospective changes, arbitrary ground rent cap and unintended consequences for pension savers and retirement housing. We recommend a more targeted approach using the new property register to distinguish between owner-occupiers and private landlords, ensuring reforms benefit those most in need.

Response to the Home Office consultation on Earned Settlement

Read our response to Home Office's consultation on Earned Settlement, highlighting our concern that the proposals risk conflicting with the broad intention to position the UK as a global destination for high-skilled talent and run counter to wider objectives.

Our latest long-term competitiveness news:

Blog

Guest blog: Future-ready skills: What financial services needs to thrive through the AI disruption

Press release

New paper sets out how to mobilise private capital at scale to plug UK’s infrastructure investment gap

Blog

Beyond the rankings: What different data sources reveal about the UK’s financial services trade

Blog

Miles' blog - March 2026

Events:

Highlights from TheCityUK National Conference 2025

Our National Conference 2025 took place at the Queens Hotel in Leeds on Thursday 27 November. This year's conference was an opportunity to look at the role of our industry in enabling inclusive growth across the UK.

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TheCityUK Virtual Member Briefing: Navigating geopolitics and implications for UK financial and related professional services

The session will explore the implications of geopolitical developments for UK financial and related professional services. It will consider how firms are responding to a shifting international landscape, and what this means for the UK’s role as a leading global financial centre.

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