Politico Financial Services Summit

Where next for the industry?

I’m attending Politico’s Financial Service Summit on Thursday of this week, in London. Among the sessions is this one: The economy: where is the U.K. now?

Here’s the blurb from Politico:

A year after the so called ‘Trussonomics’, has Rishi Sunak got the U.K. economy back on track? As the country heads towards a general election in 2024, will the infamous words of ‘it’s the economy, stupid’ ring ever truer.

• Has the Conservative Party’s reputation on the economy been repaired? Is Labour trusted with the U.K.’s economy?

• Was Trussonomics bad ideology or was it the execution that destabilized the market?

• Where does the U.K. stand with inflation today and is it the responsibility of the government to bring it down?

• Covid, Brexit, Ukraine have all contributed to high inflation, but where does the U.K. stand in comparison with the other nations also dealing with these international problems?

Slightly odd that there’s no mention of the role of the government itself causing inflation in terms of vast public spending, gargantuan public debt and eye-watering levels of money printing. But, hopefully, that’s something Andrew Griffith MP, Economic Secretary to the Treasury and City Minister, will cover.

I’ll report on the conclusions reached and my take on the contributions from speakers. If any of my subscribers are attending, please be sure to say Hello.