Reeves has opened the door to EU realignment – here’s how it can go further for fintechs

Philip Belamant | 26th March 2026 | Comment, Premium
CEO and Co-Founder of Zilch, Philip Belamant, has warned that the Chancellor did not go far enough in her Mais lecture.
CEO and Co-Founder of Zilch, Philip Belamant, has warned that the Chancellor did not go far enough in her Mais lecture.

The Chancellor has hinted that closer ties with the EU are on the table. But fintech companies want something more concrete, warns Philip Belamant

In last Tuesday’s Mais lecture, the Chancellor laid out economic measures designed to stimulate economic growth for the UK, one of which being a willingness to align further with the EU single market when beneficial to the UK. This follows a May 2025 package of measures to reduce red tape across a range of industries which analysts estimate could add nearly £9 billion to the UK economy by 2040. While these measures effect industry segments across the UK economy, measures for financial services, which account for nearly a tenth of UK economic output, are largely absent. As recently as January this year, Prime Minister Keir Starmer ruled out including financial services in wider alignment talks and instead, cooperation has been channelled through the Joint EU-UK Financial Regulatory Forum, which meets semi-annually to discuss policy priorities, digital finance, market reform and sustainable finance. That dialogue is valuable, but it is not the same as m...

Subscribe to The Mace

Join the member community shaping British politics and stay ahead of what's really happening in the world of politics and public affairs, with expert analysis, breaking news, and insider insights from Westminster and Brussels. The Mace is the leading news source and resource for the government affairs industry, offering required reading and lobby intelligence for professionals.

To see what you are missing out on by not subscribing to The Mace, click here to download our full membership info-pack. This includes having no paywall on op-ed content or profiles/interviews, allowing professional profiles to be read with maximum impact and visibility by government, special advisers, MPs, peers, civil servants, and policy and political decision-makers.



Death by Diary

Mace | February 19, 2026

Fred de Fossard on how trade lobbyists prioritise access to ministers over political outcome

Cabinet Secretary’s exit brings turmoil to Downing Street

Oliver Dean | February 13, 2026

With Wormald being the third senior figure to exit government in recent days, questions are being raised over the long-term stability and survivability of this government

Britain must take full advantage of trade outside the EU

Ted Newson | February 12, 2026

Five years since leaving the European Union, Britain has not yet taken advantage of the levers of free trade, writes Ted Newson

PM’s right hand man criticises government communications operation

Thomas Edwards | February 9, 2026

The government’s communications operation has been publicly criticised by a senior ministerial aide who also plays a central role in overseeing that work, in a rare confrontation over

Lessons from Maggie

Michael Maslinski | February 8, 2026

The care system needs a revamp. If it continues on its current trajectory, we will all pay the price, argues Michael Maslinski

Businesses should prepare for a post-Starmer future

Oliver Dean | February 5, 2026

Starmer's position is unquestionably weak, and businesses would do well to prepare for his eventual ousting, argues Oliver Dean

Trump ruffles feathers at Davos, posing an uncertain future for NATO

Madeline Dabbah | January 29, 2026

Trump’s shifting Greenland strategy at Davos unsettles NATO, strains transatlantic trust, and leaves the UK balancing sovereignty principles against alliance stability

Why are MP’s crossing the Reform Rubicon

William Cash | January 19, 2026

As senior Conservatives continue to cross into Reform’s turquoise waters, questions grow over whether this is renewal or simply ambition dressed as principle.

Editor-In-Chief watches Jenrick Defect as Reform Courts the Conservatives

William Cash | January 16, 2026

William Cash attends a dramatic Westminster press conference at which Robert Jenrick is inducted into Reform. But how many more Tory defections are good for the party?

Gaza and the art of the deal

Mace | January 16, 2026

Trump secures ceasefire through dealmakers, but long term peace remains uncertain