The Chancellor should prioritise pension reform, enhanced use of digital verification and attracting FDI to kick start growth in the Spring Statement, says Chris Hayward

The Chancellor has vowed to kick-start the economy, and the upcoming Spring Statement will be key to making that happen. The source of growth is right here in the City, where the UK’s financial services sector remains a global leader.

Recent moves, like integrating the Payments Systems Regulator into the Financial Conduct Authority (FCA), are steps in the right direction. This streamlines processes, offering businesses a single point of contact, while also expanding the FCA’s secondary objective to drive growth and competitiveness. But more reforms are necessary. We need a system that fosters risk-taking, attracts investment, and positions the UK as a leader on the global stage.

Let’s use this momentum to address the critical issue of the UK’s regulatory environment. We need a system that balances rigorous standards with flexibility. The City Corporation has put forward........

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