UK Finance, a prominent banking trade association, is calling on the incoming government to introduce policies focused on economic growth and financial engagement.
Their financial services manifesto includes initiatives tackling financial education, fraud prevention, and support for net-zero investments.
Enhancing Financial Education
UK Finance proposes integrating financial education into the school curriculum. According to their findings, 80% of voters support improved financial education for students. Instilling financial literacy at a young age will build a more informed and financially capable populace.
Tackling Financial Abuse
UK Finance advocates for a cross-government task force dedicated to addressing financial abuse. This initiative aims to provide a coordinated approach to mitigating financial crimes, ensuring stronger protections for both consumers and businesses.
Combatting Economic Crime
With the introduction of mandatory reimbursement rules by the payments watchdog, these industries should contribute to fraud prevention and reimbursement costs.
Ensuring Reliable Company Information
This highlights the urgent need for reliable and verified data to prevent such incidents.
Supporting Net-Zero Investments
This move is crucial for sustainable economic growth and achieving environmental targets.
Boosting Economic Growth
Additionally, they support creating a new digital gilt backed by the Treasury to modernise financial infrastructure.
Collaborating for a Better Society
“By working in partnership with the government, we can help build a better society for all,” Postings stated.
As the UK approaches the next election, UK Finance’s comprehensive policy agenda highlights essential areas where government intervention can drive positive outcomes.
Their proposals promise significant benefits for the economy and society.