The United Kingdom and Singapore pledge to collaborate on fintech innovation, digital currencies, and sustainable finance, marking a transformative moment for the global financial landscape.

The Gillmore Centre provided a consultation document earlier in the year. Do read the initial response on a previous post.Link opens in a new window

Read further to see the treasury response and the initial report.

When Liz Truss and Kwasi Kwarteng’s tax-cutting mini-budget triggered a UK debt crisis in autumn 2022, the pound plummeted to almost parity with the US dollar. In 2023 the UK has endured weak growth, falling productivity and high inflation, yet the pound has been the strongest performing currency among the G10 leading economies. It is currently trading at almost US$1.31, its highest level since April 2022.