British snacks promise to boost the competitiveness of the City of London


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File Photo: UK Treasury Secretary Rishi Sunak speaks during a television interview in London, England on Nov. 22, 2020. Reuters / Simon Dawson / File Photos

June 30, 2021

London (Reuters) – Britain stands ready to build the world’s “most advanced” financial sector after Brexit severely separated the city’s financial district from the European Union, its largest export client. The photos will be announced on Thursday.

Treasury Secretary Rishi Sunak set out an “ambitious vision” for Britain’s largest tax collection industry in his first speech at the mansion, and the Treasury Department traditionally called London’s “Square Mile” ahead of Thursday’s event. Announced an annual speech by the finance minister. Financial center.

A detailed plan on how to strengthen the city’s competitive advantage for the “next decade” will also be announced on Thursday.

Snacks will announce new built-in sustainability disclosures to enable companies to report on their environmental impact, the ministry said.

So far, sustainability information has examined how climate change affects a company’s financial performance.

The financial sector has been largely excluded from the UK’s trade deal with the EU, severing favorable ties with continental investors and industry who have been calling for a city government strategy.

Snacks has already started changing the rules to attract more mutual funds, changing the capital rules of insurers and will announce reform proposals in the capital markets.

Listing rules have been relaxed to encourage more tech companies to float, and fast-track visa programs are planned to support FinTech.

On Wednesday the government announced details of the sale of the first UK government bond, or gold leaf, and the “world’s first” green savings bond.

(Report by Hugh Jones, edited by Mark Potter)

British snacks promise to make the city of London more competitive

Source link British snacks promise to boost the competitiveness of the City of London

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