Refinitiv Newscasts - 'We're open for business' - UK minister tells U.S.

Independent Bank (Massachusetts)

12/01/2023 05:21

Click the following link to watch video: https://share.newscasts.refinitiv.com/link?entryId=1_j345ow2v&referenceId=tag:reuters.com,2023:newsml_RW199512012023RP1_930&pageId=RefinitivNewscasts
Source: Reuters

Description: Britain's financial services minister sought to reassure U.S.
counterparts on Wednesday that the UK's bout of debt market instability last
fall was a one-time event, that it has returned to stable government and it
remains a solid partner for Washington and Wall Street.
Short Link: https://refini.tv/3GXGtfi

Video Transcript:

We are back to stability. We're open for business. There's clear political
leadership. The Prime Minister set out his objectives for 2023. Having
inflation, getting the economy back to growth and debt reduction over the
medium-term. That was a moment in time. People understand the strengths of UK
institutions, not just the Treasury, the independent Bank of England, the
Office of Budget Responsibility. I understand that as we look at a different
rate environment, as people look at the global macro, they will take decisions
quite rightly themselves about right sizing their organizations for the amount
of business they expect to do. But London remains competitive. And I'm not
worried about the overall competitiveness of London