Sajid Javid has been appointed as the new Chancellor of the Exchequer.
Following the announcement Miles Celic, Chief Executive Officer, TheCityUK, said,
We congratulate Sajid Javid on his appointment as Chancellor and his return to HM Treasury. We look forward to working with him and his colleagues to help safeguard the continued success of our world-leading industry.
“We urge him to focus on ensuring that the UK remains a premier league international financial and professional services centre. This means helping deliver a good Brexit deal, ensuring an internationally leading approach to regulation and taxation, and access to the skills and talent the industry needs to grow and innovate. This must be underpinned by a close working relationship between government, regulators and industry.
“Our industry is an unparalleled British success story, that helps people buy their homes, prepare for their retirement and grow their businesses. It drives prosperity across our country. We look forward to working with Sajid Javid on the vital areas where our industry serves customers and communities throughout the U.K. and the rest of the world.”