TheCityUK congratulates Kwasi Kwarteng on his appointment as Chancellor of the Exchequer

Following the announcement of Kwasi Kwarteng as the new Chancellor of the Exchequer, Miles Celic, Chief Executive Officer, TheCityUK, said:

“We congratulate Kwasi Kwarteng on his appointment as Chancellor of the Exchequer. We look forward to working closely with him to ensure the UK maintains its position as one of the world’s leading international financial centres.

“The financial and related professional services industry plays a key role in driving long-term economic growth and prosperity right across the country and underpinning UK competitiveness. It is a key national advantage and an underpinning of British soft power. We therefore urge the Chancellor to focus on delivering the reforms set out in the landmark Financial Services and Markets Bill, while also working with the industry to identify further opportunities for reform and improvement.”