LONDON, Sept 7 — The City of London called in a report today for a new council which would allow Britain’s financial sector to drive through “big moves” needed to boost the economy by £225 billion by 2030 and beyond.
“We need to be more strategic as financial and professional services, just as some of our competing financial centres like Singapore, which have medium and long term strategies,” City of London Mayor Nicholas Lyons told Reuters. The council, if agreed, would be chaired by the finance ministry with industry officials and regulators as members.
“We want to get all the political parties to say yes, we can see where this is coming from, we can support it,” Lyons said.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: