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ARTICLE · 02 DECEMBER 2024

The 2024 Mansion House Speech: Points For Private Fund Managers

Goodwin Procter LLP
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Chancellor Rachel Reeves' 2024 Mansion House speech unveiled reforms to boost the UK's financial services sector, focusing on growth, innovation, and competitiveness. Key initiatives include pension system reforms, sustainable finance regulations, and the creation of a new trading venue for private company shares...

United KingdomFinance and Banking
Andrew Henderson
Andrew Henderson
Glynn Barwick
Glynn Barwick
Chris Ormond
Chris Ormond
Matthew Dixon-Ward
Matthew Dixon-Ward

On 14 November 2024, Chancellor Rachel Reeves delivered her inaugural Mansion House 2024 speech, announcing a collection of reforms designed to drive growth and competitiveness in the financial services sector.

The Chancellor emphasised that 'the UK has been regulating for risk, but not regulating for growth'. Instead, she wants the sector to 'innovate, grow, and seize the opportunities for investment in businesses, infrastructure, and clean energy across Britain'.

Whilst details are to follow in many policy areas, the announcements provide a helpful sense of direction for the industry and highlight the government's commitment to growth, enhancing the UK's competitiveness, and creating a more flexible regulatory environment.

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