John Glen: Financial services growth and competition will be fostered post-crisis

Investor behaviour will change

Jenna Brown
clock • 4 min read

Growth and competition in the financial services industry will be encouraged and facilitated by government policy as the country emerges from the Covid-19 crisis, Economic Secretary to the Treasury John Glen has said.

Speaking at the Personal Investment Management & Financial Advice Association (PIMFA) Virtual Fest on Wednesday (3 June), City minister Glen told delegates the industry was a core part of the Government's response to the coronavirus pandemic and it had responded effectively. During his session, Government priorities for recovery following Covid-19, he said the Government was fully confident of a strong economic bounce back and, while investor behaviour will change the interaction between the consumer and capital markets, it will be a crucial element to the UK's recovery. He said: "We ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Economics / Markets

Gilt yields fall after Donald Trump backs down in 'tariff war'

Gilt yields fall after Donald Trump backs down in 'tariff war'

US president pauses most additional tariffs

Jonathan Stapleton
clock 10 April 2025 • 2 min read
Reeves defends yearly Budget to avoid 'constant chopping and changing'

Reeves defends yearly Budget to avoid 'constant chopping and changing'

Treasury Committee scrutinises chancellor on Spring Statement

Isabel Baxter
clock 02 April 2025 • 3 min read
Five key takeaways from the Spring Statement 2025

Five key takeaways from the Spring Statement 2025

OBR growth, ISA reforms and defence

Sorin Dojan
clock 27 March 2025 • 4 min read