British Queen celebrates


Tulip Siddiq has been appointed as Britain's City Minister, responsible for overseeing the financial services sector, the government announced on Tuesday.

The appointment follows Labour's recent election victory, which saw Keir Starmer become prime minister.

At 41 years old, Siddiq has been at the forefront of Labour's efforts to shape policies within the financial services industry, commonly referred to as 'the City,' since 2021.

In a statement to the Financial Times in May, Siddiq emphasized Labour's commitment to urging the Financial Conduct Authority, Britain's markets regulator, to enhance efforts in removing barriers that hinder competitiveness and growth.

The new Finance Minister, Rachel Reeves, unveiled a "national mission" on Monday aimed at stimulating economic growth. This includes initiatives to boost housebuilding, accelerate infrastructure projects, and attract private investment.

Siddiq replaces Bim Afolami, a former HSBC banker who held the position under the previous Conservative government. Photo by Chris McAndrew, Wikimedia commons.