The Labour Party has set out an ambitious plan to deliver higher paid jobs and stronger growth for working families, turning the everyday economy into the engine of local growth. As the Shadow Chancellor, Rachel Reeves, has set out, that means a national industrial strategy for everyday sectors, greater investment in start ups and scale ups, and a focus on growth in towns and regions, not just in major cities.
While focus is often given to the role of banks as major institutional investors in infrastructure and businesses, their consumer facing role in supporting the everyday economy is overlooked. Retail banking has the potential to help individuals and families across the country to save, buy a home, manage their bills, and support members of their family. And rapid innovation across the sector is leading to new products and services that could expand these benefits.
This event will consider the role that retail banking can play in supporting a transformation in the everyday economy, and better jobs and growth across the country.