Ahead of Rachel Reeves’s Mansion House speech, Lord Mayor of the City of London Alastair King outlines what the City needs to hear from the Chancellor

Tomorrow, the City of London Corporation will host one of the most important Mansion House Dinners in recent years. We expect to hear details of the government’s long-awaited financial services growth and competitiveness strategy from the Chancellor. It could not come at a more pivotal moment.

The United Kingdom’s financial and professional services sector is a global success story, employing 2.5m people across the country – one in thirteen of the UK workforce – and generating a £92bn trade surplus. However, sustaining that success requires vision, ambition and reform.

London has held its position as the world’s top international financial centre thanks to its regulatory strengths, deep talent pool and global reach. However, we face fierce competition. Singapore, New York, Frankfurt – all are investing, innovating and adapting quickly.

From reversing the decline in United Kingdom listings to reinvigorating our capital markets, the challenges are well known. The financial services sector has the solutions.

What the City wants from the........

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