1、Vision for Economic Growth a roadmap to prosperityIn partnership with:3Vision for Economic Growth a roadmap to prosperityContentsForeword 4Introduction 6Industry leads for this report 7Executive summary 81.Support the conditions for growth 142.Raise investment levels 203.Become a digital-first econo

2、my 264.Anchor the UK as a leader in sustainable finance 325.Pursue world-class promotion and interconnectivity 38Conclusion 445Vision for Economic Growth a roadmap to prosperityForeword Nicholas Lyons The Rt.Hon The Lord Mayor of the City of LondonThe UK has enjoyed numerous periods of strong econom

3、ic growth in the past.After World War Two,the nation saw a sustained period of economic growth1 and near-full employment until the 1970s.2 But theres nothing preordained about growth:a peak wont necessarily follow this trough we find ourselves in,post-Covid.And while the City has for so long support

4、ed the UKs prosperity,theres no guarantee that will always be the case.The right conditions must prevail good levels of investment,digital infrastructure,agile regulation,a coherent fiscal regime,a supportive political environment or the sector will not be able to fuel our economy in the way it must

5、 to support 21st century industries.At the moment,there are three key challenges hampering the UK economy and the financial and professional services(FPS)sector in particular.GDP growth rates and labour productivity are not what they once were.Between 1995 and 2005,GDP growth and average wages grew

6、by 29%and 30%respectively in real terms.But between 2010 and 2020,they grew by just 8%and 4%.3 Between 2008 and 2020,the UK saw productivity growth of just 0.4%per year,compared to an average of 0.9%in the 25 richest OECD countries.4One study suggests GDP growth booms are nine times more likely with