Chancellor: Fintech plays critical role in mitigating impact of Brexit

13 Apr 2017

In comments delivered to the International Fintech Conference in London this week, an event arranged by the UK Treasury to encourage greater investment in the sector from home and abroad, the Chancellor, Phillip Hammond, said that fintech plays a critical role in assisting the UK mitigate any negative economic impact that may result from Brexit.

"We will have to strive and graft and fight to seize the opportunities - and make the most of them. That means growing and strengthening the areas – like fintech – in which we enjoy a competitive advantage," Mr Hammond said.

Whilst London was recently ranked alongside Singapore as the top destination for fintech, Mr Hammond warned that the sector must not become complacent.

"We can’t remain the number one place for fintech and the other technologies of the fourth industrial revolution by simply relying on our ingenuity, talent and openness, we have to go out and get the business."

At Beavis Morgan, our dedicated Entrepreneur Support Team works with entrepreneurial people in the fintech sector, assisting with starting up, fundraising and investment, and advising on business growth and development, whilst all the time helping you navigate the maze of often complex tax issues.

We also offer specialist services to identify business opportunities for overseas investors looking to enter the UK market – and we provide a comprehensive range of professional services to help you make the most of your investment in the UK.

Contact Steve Govey for advice on how we can assist you and your fintech business, and Paul Ashton for further information about how we can help you secure the right investment opportunity in the UK.

Further reading: Click here to read more about our services to Chinese investors starting up in the UK.