TheCityUK and PwC: UK bodies must form 'strategic partnership' to remain leading financial centre

Lists ways to add £43bn to economy

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...