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SFE presents economic growth plan to new UK government
Scottish Financial Enterprise has welcomed the newly elected Labour government following its landslide victory of more than 400 seats in the general election.
Sandy Begbie CBE, chief executive of Scottish Financial Enterprise, said: “It is clear that the new First Minister will have a daunting task with the country facing a number of serious economic challenges, but with the right interventions there are also huge opportunities to be seized.
“As we highlighted in our election manifesto, sustainable growth must be the government’s guiding ambition. To achieve this, Starmer must demonstrate good governance, foster a thriving business environment, champion green and sustainable finance, and invest in our people and their skills.
“Policy alignment within and between governments is key, and we would like to see the UK and Scottish governments working together to remove barriers, strengthening industry and helping to generate economic growth.
“Scotland has a key role to play in delivering the economic growth the UK so desperately needs, and our world-class financial services sector is ready to play its part.
“Our sector is already worth £14.3 billion of GVA to the UK economy each year, employing almost 150,000 people in high-skilled, high-paid jobs.
“We look forward to working closely with the UK and Scottish governments to unlock further growth in our sector, adding £4bn to £7bn to the UK economy by 2028.”