Brits have become too cautious, and business is suffering because of it. It’s time for us all to embrace risk, writes the City of London Corporation’s Chris Hayward

The UK has become allergic to risk, and the antidote cannot come soon enough. As we face growing global challenges and navigate a rapidly changing economic landscape, it’s time to abandon our fear of risk and embrace responsible risk-taking. For too long, we’ve played it safe, but in doing so, we risk being left behind.

The UK’s services sector remains a key contributor to the country’s economic resilience, even though growth in the last quarter of 2024 was only 0.1 per cent. The City of London remains a beacon of financial and professional services, serving as the engine room of the UK economy. Business confidence in the Square Mile is at an all-time high, with a workforce of 678,000 – 25 per cent larger than pre-pandemic levels. The past year saw a record 331 office leasing deals, drawing major global players like HSBC, Clifford Chance and Moody’s to........

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