Britain’s Sunak promises to sharpen City of London’s competitive edge – Reuters UK

london britain sunak financial
Middle East
  • Date: 01-Jul-2021
  • Source: Reuters
  • Sector: Economy
  • Country: Middle East
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Britain’s Sunak promises to sharpen City of London’s competitive edge – Reuters UK

LONDON, July 1 (Reuters) - Britain will unveil its blueprint on Thursday for building the world's "most advanced" financial sector after Brexit largely severed the City of London financial district from the European Union, its biggest export customer.

Finance minister Rishi Sunak will set out his "ambitious vision" for Britain's largest tax-raising industry in his first Mansion House speech, the finance ministry said ahead of Thursday's event - traditionally an annual speech given by the finance minister in London's "Square Mile" financial heartland.

A detailed plan for how the City's competitive advantage will be sharpened for "decades to come" is also due to be published later on Thursday.

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