Open Finance improves access to credit for companies and enables more effective financial advice for consumers.
 
It was great to meet with a wide range of leaders and innovators yesterday to discuss how industry can work together to build on Centre for Finance, Innovation and Technology work and harness the…

Innovation is key to the success of our financial services sector, and our payments ecosystem is leading the charge! Today I visited @Revolut to witness their innovative solutions and meet with some of our leading payments and fintech firms to discuss the upcoming National…

Mit dem 🇬🇧 Wirtschaftsstaatssekretär Bim Afolami MP traf sich Parl. Staatssekretär Florian Toncar in Berlin. Im Austausch ging es insbesondere um die Stärkung der Finanz- und Wirtschaftsstandorte. Ich freue mich über die guten Beziehungen zu unseren britischen Freunden, so Toncar.

In June last year the Chancellor launched the Mortgage Charter, giving customers worried about their repayments new flexibilities to help manage their budgets. On 22 March, the FCA published figures showing that over 120,000 mortgage accounts have made use of the charter, helping…

The UK is leading the world in fintech. Last year the UK attracted $5.1bn of fintech investment, more than any other country bar the US.

Today I invited fintech and crypto firms to Downing Street to discuss how we can build on this success.

Access to banking services is an important issue for many people. Today I brought together UK Finance, LINK, Cash Access UK and the FCA to hear directly from MPs about their constituents’ experiences, and set out how industry is improving the current Banking Hub offering.

There has never been a better time for UK consumers to begin their investing journey. I am pleased to see companies like Robinhood UK continue to strengthen their UK presence and to support consumers with the tools they need to build healthy financial futures.

This Fire Safety Reinsurance Facility aims to make buildings insurance more available. I am grateful to McGill and Partners, ABI, and others for their work. The Government will monitor the facility to ensure it makes a real change for as many leaseholders as possible

My post-budget interview with Talk TV 👇

A pleasure to close the Budget Debate yesterday - check it out 👇

📈 Rewarding work
📈 Growing the economy
📈 Improving productivity

The Government has published draft legislation to allow the financial services industry more time to investigate fraudulent payments and “break the spell” of fraudsters.

This is an important step in our fight against fraud and will help protect victims from this terrible crime.

Fantastic to see Sir John Lawes School in my constituency in the regional heats of the National Reading Champions Quiz! A great initiative from National Literacy Trust & ALCS to encourage & celebrate a love of reading in students across the UK #NRCQ24

Happy #InternationalWomensDay2024 .

Economic Secretary to the Treasury Bim Afolami MP welcomed inspiring women from across the investment sector to Downing Street this week to talk about what more the government can do to improve the investment landscape for women.

Watch below 👇

As City Minister, I must point out that Labour’s policy on carried interest would 𝗰𝗼𝘀𝘁 £3.6bn over the next Parliament - nearly £1bn a year. This would damage the City; cost UK taxpayers and shows labour have no plan for the economy.

gov.uk/government/pub…

My interview with GB News on the Spring Budget 👇

Happy International Women's Day!

As Economic Secretary, to mark the occasion, I convened a roundtable to discuss the initiatives which are helping to create a more inclusive market, and the barriers to more women engaging with investing and starting their own businesses.

You are a top guru! Thanks for coming

I am very happy to have helped the Chancellor deliver on this Spring Budget.

I believe that this Budget will really benefit the people in our constituency!

#springbudget2024 #treasury #hitchin #houseofcommons

The net impact of recent fiscal events...