City of London: Competition
The question
To ask the Chancellor of the Exchequer, what steps she is taking to help improve the global competitiveness of the City of London.
Answered by Lucy Rigby
The government’s Financial Services Growth and Competitiveness Strategy , co-designed with industry, sets out the government’s ten-year plan to make the UK the world’s centre of choice for financial services investment now and in 2035.
Since July, the Government has been squarely focused on delivery the Strategy, including launching the Office for Investment: Financial Services to attract and support global firms to establish and grow in the UK and UK listings relief – exempting shares from Stamp Duty Reserve Tax for the first three years that a company is listed.
The government will continue working at pace to deliver the reforms it has committed to.
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