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City Minister puts London First

Kitty Ussher MP, in her first engagement as Minister for the City, will speak at a London First event for London’s business community on the strengths and challenges facing the UK’s world-leading financial services sector.

At the final event of Building the Capital’s Capital on Monday (09 July), the Minister will discuss ways in whcih government and business can work together to safeguard competitiveness.  Building the Capital’s Capital has consisted of nine events in a week to examine the strengths, opportunities and challenges for Financial Services in London, prganised by influential business organisation London First and London Metropolitan University.

Harvey McGrath, Chairman of Man Group and London First, said:

“Business leaders in the financial services sector will be keen to hear reassurances that the direction of travel established by the new City Minister’s predecessor will be maintained.  In Ed Balls, the new Minister has a hard act to follow – but we are encouraged by her willingness so early in her tenure to join us and engage in debate about the sector.”

Bob Wigley, Chairman of EMEA, Merril Lynch Europe plc and host of the event, said:

“I am delighted that the new City Minister, Kitty Ussher has chosen this event to begin her dialogue with the City and we look forward to this relationship continuing to develop.”

For further information, please contact:
Graham Capper on 020 7665 1505/ 07983 611 227  or  Lauren Preteceille on 020 7665 1471 / 07977 297 811

Notes to editors

  1. ‘Honing Finance’s Cutting Edge’ will be held on Monday 09 July 2007 at Merril Lynch
  2. Also speaking at the event will be Dr Vincent Cable MP, Shadow Chancellor and Deputy Leader of the Liberal Democrats; Baroness Jo Valentine, Chief Executive, London First, and Bridget Rosewell, Consultant Chief Economist, GLA Economics
  3. Building the Capitals Capital series of events is jointly organised by London First and London Metropolitan University, in association with the Financial Times
  4. London First is a business membership organisation whose mission is to make London the best city in the world in which to do business.  London First udnertakes this by mobilising the experience, expertise and enthusiasm of the private sector to develop practical solutions to the challenges facing London.  London First also seeks to persuade central and London government to make the investments that London needs in its infrastructure
  5. London First delivers its activities with the support of 300 of the capital’s major businesses in key sectors such as finance, professional services, property, ICT, creative industries, hospitality and retail.  Membership also includes all of London’s higher education institutes as well as further education colleges and NHS hospital trusts.  London First members represent a quarter of London’s GDP.

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