Improving trust and reputation

Regularly engaged with high-profile and influential stakeholders across the year, including via Leadership Councils, Extraordinary Leadership Councils and Business Councils. Speakers included the Chancellor of the Exchequer, the First Minister of Scotland, Shadow Chancellor, European Commissioner for Financial Stability, Financial Services and the Capital Markets Union and the British Ambassador to China. We have also welcomed the Economic Secretary to the Treasury, John Glen MP, to all our Leadership Council meetings bar one.

Continued to produce our series of highly regarded economic research reports underlining the value of the industry as a national asset, with messaging regularly played back in speeches by cabinet ministers, policymakers and other key stakeholders. These include the myth that ‘financial services’ and ‘the City’ are synonyms, that two thirds of industry jobs are outside London, that the industry contributes £76bn in tax each year, and that ours is the biggest exporting industry in the UK.

Further strengthened relationships with senior stakeholders across government, at HMT, DIT, BEIS, MoJ, the Department for Levelling Up, Housing and Communities and the FCDO. It has been positive to see government adopting policy ideas we have promoted on areas such as international trade, skills and regional development.

Return to: 'Driving growth and competitiveness through change: Annual report and accounts 2021-22'