British Prime Minister Keir Starmer will appoint Tulip Siddiq as the City of London Minister, a position within the Treasury that will make her a point person for regulating and advocating for the key financial services industry, according to PANews. Siddiq, who has been an MP since 2015, is expected to be appointed Economic Secretary to the Treasury. This is the equivalent position she held in Starmer's shadow cabinet. The position is called the City of London Minister, referring to the City of London and the broader financial services industry in the UK.
Earlier news, Tulip Siddiq said that if the Labour Party wins the election, it will be committed to transforming the UK into a global tokenized asset center. Its responsibilities also include regulating financial technology, crypto assets and debt management policies.
