Two Cities MP, Nickie Aiken, was honoured to attend the annual Mansion House Financial Services Speech.
Although a different speech this year, with a mixture of virtual and in-person attendees, Nickie joined a group of future leaders of the financial services industry as guests of the Lord Mayor of London to hear the Chancellor of the Exchequer, Rt Hon Rishi Sunak MP, and Andrew Bailey, Governor of the Bank of England scope out their expectations for the economy as the country recovers from COVID.
From reforming capital markets and seeking closer links with advanced and emerging financial centres, through to boosting opportunities for green investment, and protecting access to cash, at this week’s Mansion House speech, the Chancellor outlined how the UK’s financial services industry can help the country to lead on the global stage while also acting in the interests of people at home.
The Chancellor announced he will:
Protect access to cash, consulting on new laws to make sure people only need to travel a reasonable distance to pay in or take out cash.
Give the public the opportunity to invest in the Government’s green initiatives through NS&I’s world-first Green Savings Bonds. We’re issuing the UK’s debut sovereign green bond in September, with the framework published yesterday committing us to the most ambitious approach of any major sovereign.
Launch new requirements for businesses and financial products to disclose sustainability information, and creating a global market for high quality voluntary carbon offsets, with thanks to Dame Clara Furse’s leadership.
After the event, Nickie said,
"We've just finished in the Mansion House, where we heard from the Lord Mayor of the City of London, the Governor of Bank of England, and of course the Chancellor. The Chancellor's message was very clear. The City of London and the UK will remain a financial global hub with technology and innovation at its heart, and embracing green finance. I was very, very delighted to hear what he had to say and I'm very positive for the future of Global Britain."
Watch Nickie's comments on the speech above.