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Dressed down and downbeat at the Mansion House

This year’s Mansion House speech was a downcast affair, despite the promise of future reforms
Dressed down and downbeat at the Mansion House
  • Mansion House overshadowed by inflation 
  • Whole suite of financial services changes in the pipeline

The City’s annual summer shindig at the Mansion House was characterised both by the new dress-down look sported by the Square Mile’s great and the good as well as a reminder of the significant list of problems facing the UK economy.

The current chancellor of the exchequer, Nadhim Zahawi, and governor of the Bank of England, Andrew Bailey, make a good fist of talking about the importance of tackling inflation. Somewhat controversially, both agreed that the answer was to get prices to come down. But to give the chancellor his due, he did also outline some important changes to shareholders structures and capital raising that will appear in new legislation.

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