Long-term competitiveness

Ensuring the long-term competitiveness of the UK as world-leading international financial centre has remained a core pillar of our work.

Our long-term competitiveness work

We work to ensure the UK remains an attractive place to invest and do business, which is essential to the industry’s long-term competitiveness.

"TheCityUK is on the ball when it comes to industry strategies and has focused objectives."

TheCityUK member

With the support of our Long-Term Competitiveness Group, we influence the policy environment and evolution of regulatory frameworks to drive UK competitiveness by:

  • Delivering policy positions in relation to long-term competitiveness issues.
  • Influencing the future shape of the UK’s regulatory, legal and tax regimes and the approach of its regulatory and supervisory authorities, including the evolution of the frameworks affecting business as it adapts to technological, environmental and social change.
  • Promoting the importance of the UK jurisdictions, English common law and the UK position in dispute resolution as a foundation of the UK’s attractiveness for business.
  • Highlighting the needs for new talent, skills and diversity in the industry and supporting the relevant work of the Financial Services Skills Commission.
  • Driving related professional services as a key underpinning of the industry’s success.
  • Working with partners across the industry to address issues such as operational resilience, AI and data, which have implications for the entire ecosystem.

Our latest long-term competitiveness work:

TheCityUK’s response to FCA CP24/2, Part 2 ‘Greater transparency of our enforcement investigations’

Our industry has consistently opposed the FCA’s proposals to introduce a new public interest test as the basis for naming firms under investigation. We appreciate the FCA’s engagement with us and others across the industry since the proposals were originally published.

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TheCityUK Response to the Technology Adoption Review (February 2025)

We submitted our response to the Department for Science, Innovation and Technology’s Technology Adoption Review call for evidence. Ensuring that the financial and related professional services industry can continue to embrace technology and innovation is essential to its future international competitiveness and contribution as an enabler of growth, innovation and climate adaptation across the UK economy.

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Our latest long-term competitiveness news:

Successor chairs announced

Collective and urgent action needed to revitalise UK Growth Markets

New report calls for rapid digital transformation of UK capital markets via digitalised financial market infrastructure and tokenised bonds

UK leads world in financial services trade surplus

Events:

TheCityUK International Conference 2025

Register now for our International Conference. Join influential leaders from across the industry to discuss how the UK can underpin its position as a world-leading international financial centre.

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TheCityUK and Financial Services Skills Commission Future Skills Conference 2025

Register now for the Future Skills Conference 2025, in partnership with Financial Services Skills Commission, which will take place in London on Thursday 22 May 2025.

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