According to PANews, UK Prime Minister Keir Starmer has appointed Tulip Siddiq as the Minister for Finance City, a position within the Treasury Department, making her a key figure in regulating and advocating for the financial services industry. Insiders reveal that Siddiq, who has been a Member of Parliament since 2015, is expected to be appointed as the Economic Minister of the Treasury. This is a position she holds equivalent to in Starmer's shadow cabinet. The position, known as the Minister for Finance City, refers to the City of London and the broader financial services industry. Her responsibilities also include regulating financial technology, crypto assets, and debt management policies.
In previous news, Tulip Siddiq stated that if the Labour Party wins the election, they will strive to transform the UK into a global tokenized asset center.