Following today’s Autumn Statement delivered by Chancellor Jeremy Hunt, Miles Celic, Chief Executive Officer, TheCityUK, said:
“Today, the Chancellor has set out measures to enhance the UK’s attractiveness as a place to invest, grow, list, and innovate.
“His commitment to implement the headline recommendations from Lord Harrington’s review on attracting foreign direct investment – in particular a Ministerial Investment Group to better coordinate and drive investment across Whitehall – is a welcome signal. His focus on drawing greater investment into green industries to achieve net zero and efforts to boost retail participation in UK public markets are positive steps forward. We await to see more detailed information on these initiatives.
“It is encouraging to see a focus in the Autumn Statement text on ensuring the UK continues to attract the best global talent. The reform to introduce more flexible business visitor rules is essential for the long-term competitiveness of our industry.
“We look forward to working with government and the regulators to see these reforms successfully implemented and ensure they deliver real benefits for people, businesses and communities across the UK.”