Clifford Chance

Mansion House Speech 2024: UK financial services policy initiatives

21 November 2024

The new Chancellor of the Exchequer gave her first Mansion House speech on 14 November 2024. The speech announced a range of measures which aim to:

• grow and enhance the competitiveness of the financial services sector
• consolidate the UK pension system to release new investment and better returns
• create a world-leading framework for sustainable finance
• support innovation in the sector
• retain protections while addressing the unintended consequences of regulation
• develop the mutuals sector to support inclusive growth.

This briefing provides an overview of the announced measures and indicates the next steps and timing (where available).

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