HMT one-year report on delivering the Financial Services Growth and Competitiveness Strategy

HM Treasury (HMT) has published a report outlining key milestones achieved during the first year of the government's Financial Services Growth and Competitiveness Strategy. The government committed to reporting annually on progress in delivering the strategy, which sets out a ten-year plan to support growth and competitiveness in the UK financial services sector. Drawing on industry engagement conducted ahead of the Mansion House speech, the report notes broad support for the strategy's direction but emphasises that its credibility will depend on effective delivery. HMT highlights areas where it considers meaningful progress has been made, including introducing the Financial Services and Markets Bill, the development of a new UK regulatory regime for cryptoassets and strengthening international partnerships.

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