Behind the Money

What the City of London wants from Labour

Jul 17, 2024

The FT’s chief UK business correspondent Michael O'Dwyer analyzes the expectations of City of London executives from the newly elected Labour government. Topics include the role of the UK's financial services sector, challenges post-Brexit, city executives' perspectives on regulations, and expectations from the new government for stability and reform.

25:15

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Michael O'Dwyer

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Episode notes

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Quick takeaways

City of London executives seek stability and predictability in the UK's financial services sector for easy investment decisions.

Labour government focuses on kick-starting economic growth with green projects and creating a pro-business environment.

Deep dives

The Importance of Stability and Certainty in Financial Services Sector

City of London executives are seeking stability, predictability, and certainty in the UK's financial services sector to facilitate easy investment decisions and operational planning. Various economic challenges like Brexit and the pandemic have led to instability, prompting the need for a more stable environment for decision-making and investment.

Intro

2min

Challenges and Importance of the UK Financial Services Sector

2min

Election Results and Economic Priorities in the UK

11min

City Executives' Perspectives on Business Regulation and Risk-taking

3min

Expectations of Financial Industry from New Government

6min

Challenges and Optimism for the City of London and Labour Government

3min

The Labour Party has come back into power in the UK after 14 years. For the City of London, this brings hope for some stability amid the rise of competing financial sectors around the world. But will efforts to revitalize markets and the economy work out? The FT’s chief UK business correspondent Michael O’Dwyer analyzes the expectations of City of London executives from the newly elected government.

Clips from BBC, Today, NBC News, CNN

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For further reading:

How will Rachel Reeves run the UK’s finances?

The City of London’s wish list for the new Labour government

The club of City executives plotting a revival for the UK’s capital markets

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Read a transcript of this episode on FT.com

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