Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Business

UK Finance Urges Post-Election Government to Prioritise Growth and Fraud Prevention

by May 31, 2024
May 31, 2024
UK Finance Urges Post-Election Government to Prioritise Growth and Fraud Prevention

UK Finance, the prominent banking trade association, has issued a call to action for the incoming government to implement policies that will spur economic growth and enhance financial engagement.

Their financial services manifesto outlines key initiatives aimed at addressing critical issues such as financial education, fraud prevention, and support for net-zero investments.

A major proposal from UK Finance is the integration of financial education into the school curriculum. According to their findings, a significant 80 per cent of voters support improved financial education for students. The trade body believes that instilling financial literacy at a young age will build a more informed and financially capable populace.

Furthermore, UK Finance advocates for the establishment of a cross-government task force dedicated to tackling financial abuse. This initiative aims to provide a coordinated approach to addressing and mitigating financial crimes, ensuring stronger protections for consumers and businesses alike.

Addressing the pervasive issue of fraud, UK Finance has called for technology, social media, and telecom companies to share the burden of combating economic crime. This follows the introduction of mandatory reimbursement rules by the payments watchdog for cases of authorised push payment fraud. The association argues that these industries should contribute to the costs associated with fraud prevention and reimbursement.

Additionally, UK Finance is pressing for legislative changes to ensure that information held by Companies House is thoroughly verified and reliable. The urgency of this request is underscored by recent incidents where 800 fraudulent forms were submitted, affecting 190 companies, including members of UK Finance.

In alignment with the UK’s environmental goals, the trade body is advocating for clearer plans regarding the net-zero transition. They have requested a comprehensive roadmap for investments in key sectors and expanded authority for the UK Infrastructure Bank to fund net-zero projects. This move is seen as vital for securing sustainable economic growth and achieving environmental targets.

To bolster economic growth, UK Finance has proposed the appointment of a government champion for competitiveness. This role would involve reviewing and potentially reducing the regulatory burden on the financial services sector. Additionally, the trade body supports the creation of a new digital gilt backed by the Treasury, aimed at modernising the financial infrastructure.

David Postings, Chief Executive of UK Finance, expressed hope that by outlining these policy priorities, the sector could collaborate effectively with the government to foster a thriving society. “By working in partnership with the government, we can help build a better society for all,” Postings stated.

As the UK approaches the next election, UK Finance’s comprehensive policy agenda highlights the essential areas where government intervention and collaboration with the financial sector can drive significant positive outcomes for the economy and society.

Read more:
UK Finance Urges Post-Election Government to Prioritise Growth and Fraud Prevention

0
FacebookTwitterGoogle +Pinterest
previous post
S&P 500 Sinks on Software and Semiconductor SELLOFF
next post
Business Confidence Soars to Decade-High as Economy Stabilises Under Sunak

You may also like

Getting To Know You: Ronan Finnegan, co-founder, Spacebands

January 29, 2023

UK officials fear port chaos unless EU delays...

July 9, 2024

Two hundred UK firms cement four-day week as...

January 27, 2025

Sky signals end of satellite dishes on homes...

September 28, 2022

Government to unveil crackdown on climate activism and...

October 17, 2022

Stephen Fry becomes latest celebrity to quit Twitter...

November 9, 2022

Four in ten UK businesses nearly closed in...

September 17, 2024

A dark day for British business: Unraveling the...

September 20, 2023

Alibaba.com backs athlete365 business accelerator to empower olympic...

December 2, 2024

UK Trade in Peril: Axing Negotiators Jeopardises US-UK...

July 1, 2024

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Britain’s top philanthropist Sir Chris Hohn condemns ‘cruel’ foreign aid cuts

      August 26, 2025
    • Rachel Reeves’ inheritance tax plans branded “daft” as experts warn grandparents could become “overnight tax evaders”

      August 26, 2025
    • Americans embrace Aldi as German discounter becomes fastest-growing supermarket in US

      August 26, 2025
    • Food inflation hits 18-month high as chocolate, butter and egg prices surge

      August 26, 2025
    • Poll finds MPs back electricity tax cuts to boost heat pump adoption

      August 26, 2025
    • Business secretary to meet JCB chief over US tariff chaos

      August 26, 2025

    Categories

    • Business (8,886)
    • Investing (2,239)
    • Politics (16,488)
    • Stocks (3,228)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved