The potential of a third Heathrow runway, plans to ease rules on non-doms and the surprise shake-up to the Competitions and Markets Authority leadership, are clear signals of the Government’s renewed intent to get growth going as a priority.
Government, regulators and businesses must now embrace risk and bet on Britain to unlock our full potential, from life sciences and AI to financial services and cybersecurity.
And the City of London Corporation is supporting efforts to ensure the UK’s new Office for Investment matches its peers in Ireland and Singapore, which have successfully attracted significant global investors.
The Government’s revised tone about the UK’s economic prospects - deployed in Davos and across the airwaves – has been music to the ears of my peers in the City.
Davos, with hundreds of the world’s leading financiers, investors and CEOs in attendance, set the perfect stage for the Chancellor Rachel Reeves to lead this welcome change in approach.
