IA welcomes the 2017 Budget’s focus on productivity and developing capital markets
Wednesday 8 March 2017
Following the Chancellor’s Budget statement today, Chris Cummings, Chief Executive of the Investment Association (IA), said:
“The Chancellor has delivered a pragmatic budget, rightly focused on boosting the country’s productivity and making markets work better for consumers.
“Solving the UK’s productivity puzzle will be central to rebalancing the economy. Our industry is committed to playing its part by helping businesses grow and by investing in new homes and infrastructure, while providing good returns for savers.
“We also welcome the Government’s efforts to support diverse capital markets in the UK with the exemption from withholding tax for interest on debt traded on a Multilateral Trading Facility, removing a barrier to the development of UK debt markets. Today’s Budget illustrates a commitment to creating a capital markets framework that works in the interests of investors and savers and one that is truly competitive globally.”
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For further information, please contact:
Alex Hogan
Communications Manager
[email protected]
T 020 7269 4620
M 07508 724 066
About the Investment Association:
- The Investment Association is the trade body that represents UK investment managers who manage over £5.7 trillion on behalf of clients
- Our purpose is to ensure investment managers are in the best possible position to:
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- Build people’s resilience to financial adversity
- Help people achieve their financial aspirations
- Enable people to maintain a decent standard of living as they grow older
- Contribute to economic growth through the efficient allocation of capital
- The money our members manage is in a wide variety of investment vehicles including authorised investment funds, pension funds and stocks and shares ISAs.
- The UK is the second largest investment management centre in the world, after the US and manages 37% of all assets managed in Europe.
For further information, please contact:
For media, to receive the full consultation document, please contact Helen Ayres
Helen Ayres, Communications Manager: [email protected]
T +44 (0)20 7269 4620; M +44 (0)7508 724 066
IA press office: [email protected]
About the Investment Association (IA):
- The IA champions UK asset management, supporting British savers, investors and businesses. Our 250 members manage £7.7 trillion of assets and the asset management industry supports 100,000 jobs across the UK.
- Our mission is to make investment better. Better for clients, so they achieve their financial goals. Better for companies, so they get the capital they need to grow. And better for the economy, so everyone prospers.
- Our purpose is to ensure investment managers are in the best possible position to:
- Build people’s resilience to financial adversity
- Help people achieve their financial aspirations
- Enable people to maintain a decent standard of living as they grow older
- Contribute to economic growth through the efficient allocation of capital.
- The money our members manage is in a wide variety of investment vehicles including authorised investment funds, pension funds and stocks and shares ISAs.
- The UK is the second largest investment management centre in the world, after the US and manages 35% of all assets managed in Europe.
