Investment News

UK government plans post-Brexit reform of investment industry

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The government has outlined far reaching proposals to strengthen the international competitiveness of the UK’s £9.9tn asset management industry with tax reforms and innovative fund structures, providing a road map for the sector’s future outside of the EU. 

A consultation document published by the Treasury on Tuesday pledged to strengthen growth and jobs across the UK’s investment industry, an important source of export earnings and regional employment, as part of Prime Minister Boris Johnson’s plans to tackle regional inequalities.

“Growing the number of funds located in the UK can also level up our economy, by supporting jobs outside of London,”

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