Following the announcement of Kemi Badenoch as the new Secretary of State for International Trade, Miles Celic, Chief Executive Officer, TheCityUK, said:
“We congratulate Kemi Badenoch on her appointment. We look forward to working closely with her to ensure the UK maintains its role as one of the world’s leading international financial centres so that our industry can continue to be the world’s largest exporter of financial and related professional services.
“Last year, we set out a comprehensive strategy for how industry, government and regulators can work together to boost the UK’s international competitiveness, deepen key trade links, and focus on new areas of future global growth. We look forward to working with the Secretary of State to deliver this strategy, to put the UK at the forefront of innovation, and position Britain as a leader in sustainable finance and a magnet for global talent and investment.”
International benchmarks needed to fully assess regulators’ impact on competitiveness and growth
New research shows that the UK financial regulators’ metrics to track progress against their secondary objective for competitiveness and growth will provide world-leading transparency and accountability.