The Chancellor's letter to the FCA highlights the critical role of the financial services sector in driving growth and prosperity in the UK.
By emphasizing proportionate regulation, fostering innovation, and supporting informed risk-taking, the government aims to position the UK as a global leader in finance and sustainable growth.
Key priorities include promoting competition, enabling access to financial products, and leveraging technologies like AI to boost productivity.
The FCA's alignment with these goals—alongside support for the Net Zero transition—will ensure a thriving, forward-looking financial ecosystem. Collaboration between the government, regulators, and industry is essential to maintaining the UK's leadership on the global stage.
This strategic approach is a step forward in creating a financial environment that works for businesses, consumers, and the economy as a whole.
Read the full letter and follow for more Financial Inclusion insights.
Communications professional
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