Bim Afolami MP @BimAfolami
Father to three boys. Husband to Hetti. MP for #Hitchin & #Harpenden. Promoted by Bim Afolami of Suite 5, 33 Bancroft, Hitchin, SG5 1LA. bimafolami.co.uk Hertfordshire/Westminster Joined June 2011-
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It was great to welcome those behind The Investing and Saving Allowance's Inclusive Investing Campaign to HM Treasury today. We discussed the importance of making retail investing more accessible, including how to support more women take their first steps into investing and build…
On Monday, I launched the Open Finance Taskforce as part of UK Fintech Week! 🚀 This industry-led initiative aims to harness financial data to enhance SMEs' access to credit, empowering businesses to thrive. The UK is at the forefront of fintech innovation, attracting billions…
Figures from @ONS this morning show real wages have risen for nine months in a row, with around 204k more people employed than last year. Significant progress. Labour’s plans would undermine all that progress. Angela Rayner and the unions are planning 70 new job regulations that…
Open Finance improves access to credit for companies and enables more effective financial advice for consumers. It was great to meet with a wide range of leaders and innovators yesterday to discuss how industry can work together to build on @CFIT_UK work and harness the…
Innovation is key to the success of our financial services sector, and our payments ecosystem is leading the charge! Today I visited @revolut to witness their innovative solutions and meet with some of our leading payments and fintech firms to discuss the upcoming National…
Mit dem 🇬🇧 Wirtschaftsstaatssekretär @BimAfolami traf sich Parl. Staatssekretär @florian_toncar in Berlin. Im Austausch ging es insbesondere um die Stärkung der Finanz- und Wirtschaftsstandorte. Ich freue mich über die guten Beziehungen zu unseren britischen Freunden, so Toncar.
In June last year the Chancellor launched the Mortgage Charter, giving customers worried about their repayments new flexibilities to help manage their budgets. On 22 March, the FCA published figures showing that over 120,000 mortgage accounts have made use of the charter, helping…
The UK is leading the world in fintech. Last year the UK attracted $5.1bn of fintech investment, more than any other country bar the US. Today I invited fintech and crypto firms to Downing Street to discuss how we can build on this success.
Access to banking services is an important issue for many people. Today I brought together UK Finance, LINK, Cash Access UK and the FCA to hear directly from MPs about their constituents’ experiences, and set out how industry is improving the current Banking Hub offering.
There has never been a better time for UK consumers to begin their investing journey. I am pleased to see companies like @Robinhood_UK continue to strengthen their UK presence and to support consumers with the tools they need to build healthy financial futures.
This Fire Safety Reinsurance Facility aims to make buildings insurance more available. I am grateful to McGill and Partners, @BritishInsurers, and others for their work. The Government will monitor the facility to ensure it makes a real change for as many leaseholders as possible
My post-budget interview with Talk TV 👇
A pleasure to close the Budget Debate yesterday - check it out 👇 📈 Rewarding work 📈 Growing the economy 📈 Improving productivity
The Government has published draft legislation to allow the financial services industry more time to investigate fraudulent payments and “break the spell” of fraudsters. This is an important step in our fight against fraud and will help protect victims from this terrible crime.
Fantastic to see Sir John Lawes School in my constituency in the regional heats of the National Reading Champions Quiz! A great initiative from @Literacy_Trust & @ALCS_UK to encourage & celebrate a love of reading in students across the UK #NRCQ24
Happy #InternationalWomensDay2024. Economic Secretary to the Treasury @BimAfolami welcomed inspiring women from across the investment sector to Downing Street this week to talk about what more the government can do to improve the investment landscape for women. Watch below 👇
As City Minister, I must point out that Labour’s policy on carried interest would 𝗰𝗼𝘀𝘁 £3.6bn over the next Parliament - nearly £1bn a year. This would damage the City; cost UK taxpayers and shows labour have no plan for the economy. gov.uk/government/pub…
My interview with GB News on the Spring Budget 👇
Happy International Women's Day! As Economic Secretary, to mark the occasion, I convened a roundtable to discuss the initiatives which are helping to create a more inclusive market, and the barriers to more women engaging with investing and starting their own businesses.
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1K Followers 5K Following PARODY PARODY PARODY If we don't fight back now - we'll lose the chance to win, and tyranny will take over the world. The solution is in our hands!Peter Udale @udalep
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17K Followers 1 Following 'my wife thinks you make more sense than me' - @Dominic2306 | Not affiliated with Mr. Cummings in any way 😄 | Any Pronouns 🏳️🌈Brilliant news to end the week!
His Majesty The King will shortly return to public-facing duties after a period of treatment and recuperation following his recent cancer diagnosis. To help mark this milestone, The King and Queen will make a joint visit to a cancer treatment centre next Tuesday, where they…
Pay day is coming. Our second National Insurance cut hits payslips next week. It's worth £900 to someone earning the UK average salary.
Got to attend a great policy discussion on crypto/blockchains yesterday with UK City Minister @BimAfolami and then later with Lord Franck Petigas, the PM's business adviser with many from the UK ecosystem. Was heartening to see the legislative work in progress around…
This is an excellent speech by @RishiSunak. I hope European leaders get the message and follow his lead: gov.uk/government/spe…
Still can't get over 'Truss denounces other people for leaking to the press'.
A beautiful neighbourhood, thousands of homes, accompanying infrastructure, hundreds of jobs. Build it.
Anger at King Charles' plan to build an 'ideal town' in Kent: Locals lash out at Duchy of Cornwall over proposals for 2,500 homes on 320 acres of farmland which they fear will 'swallow up historic villages into an urban mass' trib.al/bPioNbl
10 years ago today, the first same sex marriages took place in the UK. It remains one of my proudest moments. pm-priorities.campaign.gov.uk/david-camerons…
🇬🇧 A16z + UK: CSX 2024 accelator in London starting tomorrow. When we announced a16z’s first international office in the UK last June, we expressed our conviction in Britain being a place to build amazing companies. At the time, we had no ground presence here…yet. In 8 months,…
On Thursday of last week one of our very best civil servants, Paul Rowsell CBE, passed away. Paul was a wonderful colleague and the best adviser any minister could have. He was instrumental over many years in making local government work better for all. We will miss him terribly
Economic Secretary to the Treasury @BimAfolami visited Maryport’s Banking Hub yesterday - a shared space for small business & personal banking services. We're rolling out over 100 of these spaces across the UK - boosting access to cash & community banking.
Welcome to @anissia_morel as new Director @ifru_london and Cultural Counsellor of the French Embassy in London @FranceintheUK !
And the Oscar goes to...............
Whilst any U-turn to copy our reforms is welcome, Labour's approach to the UK's Financial Services sector is like a dog-food lasagne: sort of looks the same and may even fool some people but you really wouldn’t prefer it! @Conservatives @TCUKmiles @TheCityUK @CityAM
The next Labour government will unashamedly champion the UK’s financial services sector to get our economy growing. ft.com/content/e99870…
If they asked: “Do you support a tax on private school knowing: 1) that many will close, unable to absorb the costs as pupils who can’t afford fees leave 2)the govt will need to find more places and more funding for those displaced students” they’d get a very different answer!
NEW: Exclusive @YouGov polling for Times Radio Breakfast... Charging VAT on private schools supported by 62% of voters, including 4 in 10 who went to private school, and 3 in 10 parents who send their kids to private school now More on @TimesRadio
Pleasure to host @BimAfolami at the Bloomberg London office today
1) Today, the PM and I announced legislation that will mean postmasters wrongfully convicted as a result of the #HorizonScandal will be fully exonerated. Once introduced, this will deliver justice by clearing names - and ensure victims can get compensated swiftly 👉…
Breaking News: Arsenal to focus on not winning Premier League having brilliantly plotted on not winning the FA Cup. Genius strategy.
REVEALED: After today's NICs changes, the UK's tax rate for those on average salaries is lower than all G7 nations based on the latest @OECD data. This government supports hard workers.