A look at recent developments in the sector and the role of financial services in recovery
Building on CBI Director-General Tony Danker’s inaugural speech calling for the UK’s first ever economy strategy, work continues apace here at the CBI on shaping an exciting vision for the future of the UK economy. The Financial Services team have been working actively on the raft of consultations on the future of UK financial services, stressing its critical role in enabling growth as well as the part it will play beyond the recovery in the years ahead.
Budget 2021
Overall, there was lots in the budget for businesses to welcome – the Chancellor succeeded strongly in protecting the economy now and kickstarting recovery. The Chancellor also had an eye to the future, making key interventions to address the public finances, while building confidence and investment in a lasting recovery.
However, as the CBI made clear, the increase of the Corporation Tax rate will cause a sharp intake of breath for many businesses. The Financial Services team look forward to continuing to work with members on issues such as the review of the banki
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