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:

Key facts about the UK as an international financial centre 2024

Our latest international key facts report highlights the UK as a leading global financial hub. The industry employs over 2.4 million people, drives tax revenues, trade surpluses, and inward investment, while supporting key industries like technology and life sciences.

Explore more
TheCityUK response to the House of Lords' Property (Digital Assets etc) Bill Special Public Bill Committee's call for evidence

In our response to the House of Lords' Property (Digital Assets etc) Bill Special Public Bill Committee's call for evidence, we welcomed the Bill as a necessary and effective step to signal UK international leadership in digital assets.

Explore more

Our latest long-term competitiveness news:

UK leads world in financial services trade surplus

Blog

Big beasts? Analysing employment and size distribution in financial and related professional services

UK maintains its reputation as a world leader for international legal services

Comment

TheCityUK comments on the Chancellor's Mansion House speech

Events:

TheCityUK National Conference 2024 Highlights

Watch the full session recordings of our National Conference 2024, which took place at the Library of Birmingham on Tuesday 26 November. In light of the government's renewed focus on regional growth and devolution, this year's conference was a great opportunity to look at the role of our industry in enabling inclusive growth across the UK.

Explore more
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.

Explore more