It has been a busy Autumn, with good momentum across the breadth of our programme and key outcomes delivered. As we head into the winter months, there remains plenty on our agenda.
Trust and reputation
Across September and October we attended the major party conferences, including the Liberal Democrats, Conservatives, Labour and SNP, with meetings, events and activity taking place to engage a range of key policymakers and senior stakeholders.
Our fringe events at both Conservative and Labour Party Conferences drew a good audience and provided a great opportunity to discuss the key themes from the latest iteration of our annual ‘Enabling growth across the UK’ report. Alongside members, regulators and media, we were joined by the Economic Secretary to the Treasury and the Shadow Economic Secretary on our fringe panels at Conservative and Labour Conferences respectively. Both covered a range of issues, with our Labour event also discussing how the industry can support Labour’s vision for sustainable economic growth.
At the Conservative Party Conference (CPC), we co-sponsored the ConservativeHome/1922 Committee Reception, which saw our CEO, Miles Celic, share a platform with the Prime Minister. At Labour Party Conference (LPC), we sponsored the New Statesman Reception, with Miles speaking alongside the Mayor of London and the Shadow Education Secretary. Both these events provided us and our members a great opportunity to network with MPs and political advisers. We are also very grateful to JP Morgan, who partnered with us on a member dinner at the start of CPC, with Emily Shepherd, COO at the FCA, and Gareth Davies MP, Exchequer Secretary to the Treasury; and to Barclays, who partnered with us on a networking reception at LPC, at which the Shadow Economic Secretary spoke alongside Emma Reynolds, our Managing Director for Public Affairs, Policy & Research.
At the Liberal Democrats Conference, we hosted a breakfast meeting for Prospective Parliamentary Candidates in partnership with UK Finance and kindly sponsored by BlackRock, with a good discussion focused on the role of our industry in delivering growth and accelerating the net-zero transition. We also joined the panel of a Social Market Foundation fringe event and attended the conference’s business day, which offered us a great opportunity to engage with Sarah Olney MP, the party’s Business and Treasury Spokesperson. At the SNP Conference, we partnered with the City of London Corporation to host a discussion focused on green finance as a vehicle for Scotland’s growth, featuring Tom Arthur MSP, Minister for Community Wealth & Public Finance.
Following the party conferences, we have maintained engagement with key political stakeholders. We’ve held several policymaker roundtables, including a discussion about Labour’s approach to the union and the industry with Ian Murray, Shadow Secretary of State for Scotland; the Liberal Democrats’ approach to business and their objectives for the General Election with their Deputy Leader Daisy Cooper MP; and conversations around encouraging investment to Northern Ireland with Claire Hanna MP for Belfast South.
Regions and nations
Earlier this month, we launched the latest iteration of our ‘Exporting from across Britain’ report, at a Department for Business and Trade event in Liverpool during International Trade Week. The report, which provides analysis of the latest available data (2021) on industry exports from across Great Britain, shows that around half (47%) of all industry exports originated outside London, with the South East, Scotland and the North West making the largest exports contributions and the majority of exports (78%) going to non-EU countries.
Our 2023 National Conference, sponsored by PwC, will take place this year in Manchester on 23 November. The event, also supported by interactive investor, will focus on the industry’s contribution across the regions and nations. We’re delighted to welcome a great line-up of speakers, including the new Economic Secretary to the Treasury, BiM Afolami MP, Dame Angela Eagle DBE MP and an in conversation with the Rt Hon Andy Burnham, Mayor of Greater Manchester.
Following the launch of our ‘Enabling growth across the UK 2023’ report, we held an afternoon reception in Parliament bringing together members and a cross-party group of MPs and Peers to learn more about the impact our industry makes in their constituencies and wider region. Guests heard speeches from Miles Celic, Stephen Hammond MP and Katharine Finn, our Regional Chair for the South West, and Senior Partner, Bristol Office, PwC. We have also published a series of blogs on our website, which consider in more detail some of the policy recommendations from the report and case studies of the industry’s thriving financial hubs across the UK.