Vision for Economic Growth — a roadmap to prosperity 19 are captured and translated into policy outcomes Benefits (see big move #9). The Partnership Council would Government can use the FPS strategy to provide clarity include representatives from across the sector, and con昀椀dence to industry. In particular, it can show helping generate collaboration to drive growth how it intends to support the sector in growing the through the economy. UK economy over the longer term. This, combined with • Track progress against the strategy. Other re-energised international promotion (see Chapter 5), jurisdictions trace their strategic progress. Singapore, will encourage increased private sector investment and for example, has a rolling set of media releases against a more dynamic economy. 38 their sustainable 昀椀nance roadmap. The European Key actors (non-exhaustive) Union’s legislative train schedule also indicates progress.39 HMT; FCA; BoE; PRA; FPS trade associations. The UK should adopt and adapt best practices internationally and hold itself accountable. The strategy would need to: could be one possible intervention. Another could • Determine the priority focus areas and sectors. be a later career scheme, as mentioned earlier, to E昀昀ective policy requires ruthless prioritisation encourage experienced professionals to work in the regulators — an equivalent of “Now Teach”, perhaps and excellent implementation. By highlighting called “Now Regulate”. speci昀椀c sectors for FPS to support, government • Establish an FPS Partnership Council. An FPS can signal its intentions on key policy areas such Partnership Council would be a strategic partnership as sustainable 昀椀nance and market infrastructure. The more certainty policymakers provide, the between government, industry and regulators. Other industry bodies have previously called for more likely it is that 昀椀rms will have the con昀椀dence collaboration. TheCityUK, for example, called for to invest, innovate, and increase the scale of their UK business. The strategy should also include strategic partnership in its 2017 report “A vision for a transformed, world-leading industry”.37 It consideration of the demand for skills within FPS, helping 昀椀rms to understand how government would act as a forum to capture industry views as government develops its FPS Strategy and plans to champion the provision, upskilling, and implements its workstreams. It could also act retraining of this talent (including through skills John Rylands Library, Manchester as the mechanism through which perspectives forecasting). A major secondment programme between industry, regulators, and government around trade policy and related agreements