Pat McFadden – 2021 Comments on the Kalifa Review

The comments made by Pat McFadden, the Shadow Economic Secretary to the Treasury, on 26 February 2021.

It’s important that we support our world-leading fintech sector to grow, not least given the way the government completely ignored financial services in its trade negotiations with the EU.

The Kalifa review is right to focus on making Whitehall more joined up in its approach to financial innovation and ensuring that opportunity is spread to every part of our country.

It’s also essential that consumers and citizens are placed at the heart of any ‘Digital Finance Package’ so that they reap the benefits and are well protected from the risks.