Keynote address meaning8/30/2023 That’s why we commissioned Ron Kalifa to undertake an independent review on UK fintech… and why we’re straining every sinew to implement his recommendations. So be in no doubt: the Chancellor and I value all of you immensely… and will continue doing everything we can to support you. Because, as the Chancellor told you last year, part of the way we become that pre-eminent financial centre that he describes is by having the technology here to do things better. worldwide.Īlmost half of the fintech unicorns in Europe are based in the UK… and last year, the sector attracted more investment than France, Germany, Sweden, and the Netherlands combined. We’re the leading European fintech hub… and second only to the U.S. Year-on-year investment growth in UK fintech was up more than 200% in 2021. And let me start by conveying the Chancellor’s apologies – and disappointment – that due to other commitments he can’t be here himself today.īecause fintech is a fast-moving and exciting sector… in large part, because of your ideas, your hard work and expertise… and it’s absolutely at the forefront of the Chancellor’s mind as he thinks about the future… about supporting the economic recovery… and about making the UK the world’s preeminent financial centre.įinancial services make an enormous contribution to this country in many different ways.Īnd within that… with every passing month… fintech is punching higher and harder.
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