TheCityUK responds to Jeremy Corbyn’s EEF speech

TheCityUK's response to trailed comments from a speech Jeremy Corbyn is expected to make to the EEF Conference

Responding to trailed comments from a speech Jeremy Corbyn is expected to make to the EEF Conference today, Miles Celic, Chief Executive Officer, TheCityUK, said,

What too many politicians fail to grasp is that the financial and related professional services industry is a national asset. It is more than the City of London, with strong financial centres right across the country in cities such as Manchester, Glasgow, Cardiff, Birmingham and Bristol. Two thirds of the 2.2 million jobs in the industry are outside the M25, as are over half its £95.7bn of exports. It is also the country’s largest taxpayer, contributing over £87bn towards funding our vital public services.

As well as providing jobs and tax revenue, this industry helps people save for a mortgage, start a business, invest in new technologies or plan for retirement.

As Britain leaves the EU, what we most urgently now need is clarity from all political parties on how they will promote and protect jobs through the best possible Brexit deal.”