TheCityUK and PwC: UK bodies must form 'strategic partnership'

To remain leading financial centre

clock • 3 min read

The UK is in danger of losing its position as the leading global financial centre by 2025, if a "strategic partnership" between government, industry and regulators is not formed, TheCityUK and PwC have warned.

In the report, A vision for a transformed, world-leading industry, the firms identify Brexit, the emergence of new economic superpowers and new technologies, as being among the key challenges to the UK's status. It also suggested a list of changes the combined body could implement that would add £43bn to the economy. City delegation heads to Brussels to propose 'mutual access' Brexit plan "If we are to remain the world's leading financial centre then the industry must renew itself again, said Mark Hoban, board director and project chair at TheCityUK. "Brexit has provided a catal...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

Women in Financial Advice Awards 2026: Shortlists revealed!

Women in Financial Advice Awards 2026: Shortlists revealed!

All the winners will be announced at a celebratory gala dinner on 4 November

Professional Adviser
clock 15 July 2026 • 10 min read
The human question: How PE-backed firms can retain their talent

The human question: How PE-backed firms can retain their talent

'In a people business, cultural integration is key to preserving client trust, adviser continuity and value'

Andrew Houghton
clock 15 July 2026 • 4 min read
HSBC to roll out targeted support later this year

HSBC to roll out targeted support later this year

Bank has applied for its pre-application support service

Sophia Panayi
clock 14 July 2026 • 2 min read