Question to the HM Treasury:

To ask His Majesty's Government what assessment they have made of the confidence of financial technology company founders in the UK economy.

The UK has a long history as a powerhouse of financial services innovation, which has made the UK one of the most attractive locations worldwide to establish Fintechs. The Financial Services Growth and Competitiveness Strategy set out a comprehensive package of reforms to maintain the UK’s global leadership in Fintech.

The Government is committed to making the UK the best place to start and grow a business, recognising the importance of a competitive investment environment for economic growth. The UK is already the best place in Europe to establish a business, and, to make it even easier for entrepreneurs to scale and stay in the UK, the most recent Budget set out a series of measures which will help unlock billions in investment, expand tax reliefs, and make government a better customer for innovative businesses.