File photo: UK Finance Minister Rishi Sunak speaks during a TV interview in London, England on November 22, 2020.Reuters / Simon Dawson / File Photos
June 30, 2021
London (Reuters) – UK set to build ‘most advanced’ financial sector in the world after Brexit significantly separated the city’s financial district from the European Union, its biggest export customer . The photos will be announced on Thursday.
Treasury Minister Rishi Sunak presented an “ambitious vision” for Britain’s largest tax collecting industry in his first mansion speech, and the Treasury has traditionally referred to as London’s “Square Mile” before the Thursday event. Announcement of an annual speech by the Minister of Finance. Financial center.
A detailed plan on how the city’s competitive advantage will be enhanced for the ânext decadeâ will also be announced later Thursday.
Snacks will announce new, integrated sustainability disclosure requirements for companies to report on their environmental impact, the ministry said.
To date, sustainability disclosures examine how climate change affects a company’s financial performance.
The financial sector has been largely excluded from the UK’s trade deal with the EU, severing favorable ties with mainland investors and industry calling for a municipal government strategy.
Snacks has already started work on changing the rules to attract more investment funds, changing the capital rules of insurers and will announce proposals for reform in capital markets.
Listing rules have been relaxed to attract more tech companies to float, and fast-track visa programs are planned to support FinTechs.
On Wednesday, the government announced details of the sale of the UK’s first sovereign green bond or gold leaf, and the “world’s first green savings bond”.
(Report by Hugh Jones, edited by Mark Potter)
UK snacks promise to boost City of London’s competitiveness
Source link British snacks promise to boost City of London’s competitiveness