UK government unleashes Financial Services Skills Taskforce
The UK government has unveiled a Financial Services Skills Taskforce as it seeks to ensure the nation stays up to speed in the talent hunt.
In his annual Mansion House speech, the Chancellor Philip Hammond set out how the UK will “harness emerging technologies” and “ensure a wealth of talent for the financial sector, securing its future post-Brexit”.
Hammond says the country needs to ensure that – in addition to access to international talent – it has a “long-term pipeline of domestic skills to meet this transformation”.
The taskforce will be established, and chaired by Mark Hoban, former City Minister.
Hoban adds: “The future of this industry is dependent on its ability to attract and retain the best people. It is consistently the number one issue raised by industry leaders.”
According to the government, the terms of reference and meeting dates of the taskforce will be determined by the chair and secretariat in due course.
The UK government has been up to plenty of other activities recently.
This week, International Trade Secretary Dr Liam Fox MP, who leads the Department for International Trade (DIT), showed he was keen to attract fintech investment in the UK, and will set up a steering board and help connect companies with global investors.
While last week, the UK government unveiled a new £2.5 billion British Patient Capital programme to give tech companies access to long-term investment and a boost on the global stage.