UK Budget comment – FS Trade Institution – pushing insurance in emerging markets

20 March 2013

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Mark Gregory, EY's Chief Economic Advisor commented:

"We welcome the creation of the FSTIB as an excellent example of the opportunity to target potential high growth  export sectors in which the UK has a comparative advantage.  By bringing its expertise to bear the UK can establish leadership in the provision of services such as non-life and life insurance that the  new middle classes in the  emerging markets will demand. We continue to believe that a coordinated approach that bring business and government together in partnership is essential to enable UK companies to compete in the global market."