Industry: Investment

(asked on 15th November 2023) - View Source

Question to the HM Treasury:

To ask His Majesty's Government what assessment they have made of the letter from the Capital Markets Industry Taskforce to the Chancellor of the Exchequer, as reported by Sky News on 14 November, which stated that Britain has lower domestic investments than other G7 countries; and what steps they are taking in response.


Answered by
Baroness Vere of Norbiton Portrait
Baroness Vere of Norbiton
Parliamentary Secretary (HM Treasury)
This question was answered on 29th November 2023

The government welcomes representations from industry relating to capital markets and will continue to engage with a wide range of organisations on these issues.

At Autumn Statement, the Chancellor updated on his comprehensive package of ongoing regulatory reforms to support our capital markets and make the UK one of the most attractive places to start, grow and list a company. This includes: delivering Lord Hill’s central recommendation, laying legislation to fundamentally overhaul the UK’s prospectus regime; putting in place a consolidated tape to improve market data; launching a financial market infrastructure sandbox to test distributed ledger technology and; making fundamental changes to short selling. The FCA and government are also engaging industry stakeholders to take forward the recommendations of the Investment Research Review.

Supporting these capital market reforms, the Chancellor also announced that the government will explore options for a NatWest retail share offer in the next 12 months, subject to supportive market conditions and achieving value for money.

Together with the pension investment package announced at Autumn Statement, the government’s actions will boost growth in the UK’s capital markets and high-growth companies, while improving savers outcomes and investment.

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