LCCI responds to the Chancellor’s Mansion House speech

Richard Burge, Chief Executive of the London Chamber of Commerce and Industry (LCCI), said:

As the engine room of the UK’s economy and one of the world’s leading financial centres, it is essential to maintain London’s global reputation as the best city in the world in which to start and grow a business. Last night, we were pleased to hear the Chancellor set out his plans to bolster the UK’s financial services sector and realise our shared ambitions for the City”

“We are pleased that Chancellor recognises the urgent need to increase the attractiveness of listing on the London Stock Exchange. Therefore, we welcome the Mansion House proposals from the Chancellor to further attract investments to London.

“We also welcome the proposal for pension schemes which could unlock funding for businesses and free up capital for investment in growth, in turn creating jobs and opportunities nationwide. We look forward to reading the details of these proposals. We hope that small and medium sized businesses, the lifeblood of our economy, will benefit from this reform as equally as large businesses and high-growth start-ups.

“Through our work facilitating the British Chambers of Commerce’s (BCC) Professional and Financial Services Policy Group, we will continue to work hand in glove with businesses and policymakers to secure the conditions for long-term growth and prosperity.”