News Article - 11 September 2008
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A new group set up to help keep the professional services sector's global competitive edge has held its first meeting.

The Professional Services Global Competitiveness (PSGC) group, which supports the chancellor's High-Level Group, aims to look at both medium and long-term issues in the sector.

Monthly meetings will be held by the group, which will report back to the High-Level Group on City compositeness, whose aim is to champion London as the world's leading international financial centre.

The PSGC group is co-chaired by Kitty Ussher, economic secretary to the Treasury, and Sir Michael Snyder, senior partner at Kingston Smith.

"The government committed to working alongside people from the professional services industry to build a debate on public policy that will benefit both the financial services sector and the UK," said Ms Ussher.

Sir Michael said that the group drew on "considerable expertise from across the entire industry" and had already made "good progress".

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