24 November 2008
Lord Mayor's Pre-Budget Report comment
The Lord Mayor of the City of London is elected to represent the
UK's financial services industry. Speaking after the Chancellor's
pre-budget report today, Lord Mayor Ian Luder said:
"The Chancellor’s measures are bold at this time and we all hope
they achieve the objective of stabilising the economy and
minimising the recession. The City particularly welcomes the
changes in the tax arrangements for companies remitting overseas
income, and the review which has been announced to deal with the
problem of companies leaving the UK. The City will play our part
and stands ready to work with the FSA on its review of financial
regulation, so that financial services can continue to play a key
role in the UK economy and to compete in tougher world markets. The
help for small and other businesses and arrangements for empty
properties should help too."
Ends
Read about the Lord Mayor
Press Office: Laura Citron on 020 7332 1835
(laura.citron@cityoflondon.gov.uk)
or Fiona Milligan
(fiona.milligan@cityoflondon.gov.uk)
on 020 7332 3451.