Written by Parabellum Investments
13 May
Rami Cassis was quoted in a City AM article about Chancellor Rachel Reeves’ pledge to make the UK a global leader in fintech, delivered during her keynote at the Innovate Finance Global Summit.
In the piece, Cassis expressed scepticism about the government’s follow-through, warning that “it’s all talk” without bold action. He argued that the UK still faces “mountains to climb” as a global fintech hub, citing the impact of the recent non-dom tax crackdown, which has driven out much investment banking talent vital to fintech IPOs.
The article highlights industry-wide concerns about declining investment, overregulation, and talent flight. As the government prepares to release its Financial Services Growth and Competitiveness Strategy in July, Cassis calls for tangible reforms to restore confidence and competitiveness in the UK sector.
Read the full article here.
