A LOOK AHEAD TO 2023 2022 has, by any measure, been a difficult year in Europe. War on the continent, runaway inflation, energy security and even a corruption scandal in the European Parliament. These problems are not going away and will continue to dominate the political arena. However, 2023 will be an important year for the financial services sector and its policymakers. The start of the year is always a good moment to consider the key themes set to drive policy in the UK and EU over the next twelve months. 2023 will be an interesting year as it precedes 2024. Although that sounds obvious, 2024 will see a new European Parliament and Commission and, in all likelihood, a general election in the UK (not to mention a Presidential election in the US). In Brussels, therewill be a focus on getting the programme of the current Commission finalised as far as possible and, in the UK, the current Government will be pushing to demonstrate it should be given an extended mandate. Pressure will be building on policymakers to act, and this will need close attention. Companies should be ready to act to influence the process, whether directly or indirectly (for example through the media). David Cook, Partner at Penta, sets out the drivers for those of us watching closely where the EU and UK are going. David Cook - Partner at Penta 5 FORCES THATWILL SHAPE FINANCE IN 2023 Finance Monthly. Fron t Cove r Fea t ur e 9
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