The Labour Party aims to leverage financial technology (fintech) to significantly boost the UK economy by £330 billion. Shadow Chancellor Rachel Reeves emphasized fintech's potential to drive innovation, improve financial services, and create high-skilled jobs.
Labour's plan includes modernizing the financial sector, enhancing digital infrastructure, and ensuring supportive regulatory frameworks. By fostering a forward-looking economy, Labour intends to position the UK as a global leader in fintech, ultimately contributing to sustainable economic growth and increased productivity.
