Hunt's Mansion House Speech

 

In his first Mansion House speech as Chancellor, Jeremy Hunt set out plans to make the UK capital markets more attractive to investors.

Hunt said that the government would be "removing the barriers" that prevent pension funds from investing in start-ups and other fast-growing companies. He also announced plans to create a new "innovation exchange" to help businesses raise capital.

Hunt said that the reforms would help the UK to "become the world's next Silicon Valley" and a "science superpower". He said that the government wanted to "make sure our financial services sector has the right architecture to provide the best possible security for investors as well as capital for businesses".

Hunt's speech comes at a time when the UK economy is facing a number of challenges, including inflation and the war in Ukraine. The Chancellor said that the government was committed to "tackling inflation" and "boosting growth".

Here are some of the key points from Hunt's speech:

• The government will be "removing the barriers" that prevent pension funds from investing in start-ups and other fast-growing companies.
• The government will create a new "innovation exchange" to help businesses raise capital.
• The UK wants to "become the world's next Silicon Valley" and a "science superpower".
• The government is committed to "tackling inflation" and "boosting growth".

Hunt's speech was well-received by business leaders. The Confederation of British Industry (CBI) said that the reforms would "make the UK a more attractive place for investment". The Financial Times said that the speech was "a clear signal that the government is serious about supporting the UK's financial services sector".

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