Reeves to open ‘front door’ for investors in UK with concierge service

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Chancellor Rachel Reeves will launch the “Convention Service” to facilitate the way for and expand the United Kingdom to the United Kingdom, which is part of its efforts to strengthen the city of London.

REEVES will use Mansion House next week to create a “one front door” for investors, and to help them move on issues such as visas and organization, in recognition that Britain is closed in a fierce battle to work with centers such as Paris, Singapore and New York.

The chancellor will slow her speech to the city’s grandparents against the background of negative economic growth in May and anxiety that it may raise taxes on business and banks in their autumn budget to help fill in an increasing financial hole.

Reeves will look forward to returning to the front foot after the government’s retreat from social welfare reforms, but there are signs that the chancellor is growing in the face of its recent setbacks.

The Financial Times revealed on Friday that Reeves had appointed plans to announce the reforms for the manufacture of ISAS – aimed at enhancing investment in UK companies – in its speech in Dar Al -Qasr after a violent reaction from societies and consumer groups.

The idea of financial services, “Conservative Service” – which is supported by the Bank of England – will simulate similar services customized in other financial centers such as Singapore.

The Treasury official said that this step “will help the United Kingdom’s position in the global financial race as part of a large -scale strategy to double world strengths in the United Kingdom.”

Reeves will use the speech to launch the financial services plan – the sector is one of the eight “growth” industries specified in the government’s industrial strategy – as well as announcing other initiatives to enhance its competitiveness.

The Concierge service, which launches this fall, will provide what the Treasury calls “one front door to attract international financial services companies to the United Kingdom”, including helping companies obtain visas and advice on regional skills and expertise outside London.

A government official said that the service, based in the Investment Office, will also bring together organizers to help companies move in the Red Ribb in the UK.

It will be created as a partnership between the public and private sectors between the Care Organization Authority, the Financial Conduct Authority, the London City Corporation and the government, with declarations and partnerships with financial services companies.

London City Company, which developed the idea this week, said that the United Kingdom witnessed a decrease in its market share of foreign direct investment projects in financial and professional services, with its share of 4 percent between 2017 and 2024.

The counselor’s letter will also include plans to abandon paper sharing certificates and investor communications in a long -awaited step to save money by digitizing shareholders’ records and making the United Kingdom in line with many other countries.

The cancellation of material stock certificates is widely seen as the first step in updating how the UK listed companies communicate with their shareholders. It aims to get rid of an estimated ton of paper notifications and reports sent to the guardian banks every day, and many of them go directly in the box.

Sir Douglas Flint, president of the Director of Assets, Aberdeen, was appointed by the ministers three years ago to review the system as part of the efforts made to stimulate the sick capital markets in the United Kingdom, which struck a series of companies that move their main lists abroad or go to private.

Reeves is expected to announce that the UK will initially turn into a dual track system that reflects the current preparation in the digital model with sub -registrar and central deposit. You will clarify a long -term plan to move to one central digital record to contribute.

Flint, who set both options in a temporary report two years ago, is expected to provide details of the digital key in a final report on Tuesday, including plans to deal with millions of paper participation certificates that cannot be contacted.