We come at this challenge with solid foundations, but there are opportunities to build an even more dynamic and robust economy. Issues regarding the health of UK capital and equity markets that have been well-highlighted. These debates suggest an existential crisis, which is far from the case.
To boost our FPS sector and drive economic growth, we must invest in technological innovation. This will require reforms to boost secure data sharing and an innovative approach to data policy and regulation. We should embrace new technologies such as AI, tokenisation and open banking to strengthen our position as fintech leaders. The UK already does well here, attracting more fintech investment than the next ten European countries combined. The so-called Northern Triangle tech start-ups – those based in Leeds, Sheffield and Manchester – have raised £1.