UK fintech firms push govt to support growth

Anxious wait: Reeves announcing the steps the government will be taking to deliver economic growth in London. A series of warnings about public finances have raised concerns she will raise taxes in her first budget on Oct 30. — AP

LONDON: Executives of some of Britain’s most valuable and fast-growing financial technology (fintech) firms warn the Labour government that London could fall behind in the fintech world if the United Kingdom fails to address some of the industry’s key concerns.

Among these are the challenges they see with share listings and regulators’ speed in decision-making.