Richard has welcomed the news that the UK is now the fintech capital of Europe with investment in firms hitting the highest level on record.
Richard Fuller, MP for North East Bedfordshire and member of the Business Select Committee, said:
This is a great endorsement of this hugely important sector of the UK economy and confirms the government is committed to ensuring the UK remains at the global cutting edge of technology and innovation in financial services.
In April this year, the Chancellor set out ambitious plans to boost UK fintech from regulatory support and reforms to help firms grow, to a new taskforce to lead the UK’s work on a central bank digital currency. Building on opportunities generated since the UK’s departure from the EU, the Chancellor confirmed the UK will be taking forward many of the recommendations made in the recent Fintech Review, led by Ron Kalifa,
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