’It was a pleasure to welcome senior government ministers and business representatives to our headquarters today,’ says chief executive
UK chancellor Rachel Reeves visited Lloyd’s of London this week for the inaugural meeting of the government’s Industrial Strategy Advisory Council (ISAC).
The ISAC has been setup to advise the government on what it can do to support industries and geographical clusters that have the highest growth potential for the next decade.
On Tuesday (17 December 2024), Reeves and business and trade secretary Jonathan Reynolds heard from members of the group for the first time at Lloyd’s.
“Driving long-term economic growth requires ambition and collaboration,” said Reeves.
“With the ISAC, we’re bringing together the brightest minds to inform our industrial strategy and deliver growth that will improve living standards and that can be felt across every corner of the UK.”
Lloyd’s chief executive John Neal added: “Lloyd’s plays a vital role in providing certainty to businesses, especially in the face of increased geopolitical, economic and climate-related risk.
”It was a pleasure to welcome senior government ministers and business representatives to our headquarters today and we look forward to continuing our close collaboration with the UK government.”
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