In our response to HM Treasury’s call for evidence, we argue that this Strategy should focus on six key goals:

1. Reinforcing and building on our sector's strong foundations through growth in core banking services, regional financial hubs, and limiting the impact of economic crime. 
2. Unlocking the financial services growth engine through balanced, pro-growth and fair regulation and globally competitive taxation. 
3. Driving innovation and technology in key areas of opportunity such as payments, artificial intelligence, machine learning and tokenisation. 
4. Advancing sustainable finance through industrial policy, transition finance and aligning with international standards. 
5. Enhancing and modernising capital markets through in-flight reform, addressing barriers to retail participation, regulatory modernisation and public-private investment. 
6. Meeting the skills needs of financial services providers and users through flexible skills policies and efforts to attract global talent and boost financial literacy.

 The Government plans to publish its Financial Services Growth and Competitiveness Strategy in spring 2025, alongside its overarching Industrial Strategy. 

We will be working closely with the Government as it develops its thinking on both strategies over the coming months.