Looking ahead to this evening’s Mansion House speech by Chancellor Rachel Reeves, Matthew Fell, Director of Competitiveness at BusinessLDN, said:
“The Chancellor is right to highlight the critical role that the financial services sector will play in delivering the Government’s ambitious growth mission.
“Bold plans to pool local government pension pots and unlock additional investment, a new financial services strategy, and a renewed focus on growth for regulators will all help to boost the economy’s long-term growth potential.
“But with growth forecasts continuing to underwhelm, the Government should also take steps that could provide an almost immediate shot in the arm such as scrapping stamp duty on share transactions to improve the attractiveness of the UK as a place to list and invest.”