In pursuing a new internationalist approach which looks beyond
Europe, the Chancellor is expected to say that “Global Britain
is not just a strategy for Britain’s economic future, it’s a
statement about what kind of people we are - and about the
economy and the society we want to be.”
The Chancellor will set out his strategy for securing new
Global Financial Partnerships, which will position the UK as
the undisputed gateway to global markets. The strategy will
bring together governments, regulators, and industry to build a
system for opening up cross-border financial services. This
will support firms’ access to global financial markets, and
reduce the cost to businesses. He will also encourage the EU to
come to the table to discuss an ambitious future financial
services relationship in the mutual interests of both sides.
He is expected to say:
“Connectivity was always at the heart of London’s success. And
to succeed in the future, we must remain connected to the world
– including the important emerging markets.
[…]
So while some question the benefits of openness…
…being open to the world - and being a global capital of
finance - will continue to be foundation of the UK’s economic
success.
[…]
Our vision is for a set of new partnerships…
…combining new tools, like Free Trade Agreements, and existing
ones, like our Financial Dialogues
…looking across sectors of the industry…
…and positioning the UK as the most global financial services
market in the world.”
In his speech, the Chancellor is also expected to reaffirm his
commitment to fiscal targets and reducing the county’s debt and
say:
“We are getting debt down, while investing in Britain’s
infrastructure, supporting our vital public services, and
helping hard working families, across the United Kingdom.
And this week, the Prime Minister announced a 5-year NHS
funding package that will boost spending on health by over £20
billion a year in real terms in England alone.
So, as the Prime Minister said, across the nation taxpayers
will have to contribute a bit more in a fair and balanced way
to support the NHS we all use.
We also confirmed we would stick to our fiscal rules…
…and continue to reduce debt."
