UK Budget comment – FS Trade Institution – pushing insurance in emerging markets
20 March 2013
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."