On 29 April 2025, the Chancellor of the Exchequer, Rachel Reeves, delivered a speech at the Innovate Finance Global Summit 2025.

In her speech, Ms Reeves flagged the importance of financial services as one of the key growth-driving sectors in the UK’s modern industrial strategy, and announced that the Financial Services Growth and Competitiveness Strategy will be published at her Mansion House address on 15 July 2025.