TheCityUK comment on new City Minister appointment

Responding to the appointment of Steve Barclay as the new City Minister, Miles Celic, Chief Executive Officer, TheCityUK, said,

We welcome the appointment of Steve Barclay as the new City Minister. We look forward to working with him to ensure that the UK-based financial and related professional services industry continues to be world-leading, a major employer and the country’s biggest tax payer.

The industry’s continued success relies on the UK remaining an attractive and competitive place to do business and the right policy environment will be critical to this.

As we begin the Brexit negotiations, it will be essential for the government and industry to maintain a strong, open and constructive dialogue. This includes remaining focused on effective bridging and adaptation periods to allow for a smooth, orderly Brexit, mutual market access based on mutual recognition and regulatory cooperation, and mutual access to the best global talent.