The country’s fintech industry will “lead the world” into the fourth industrial revolution.

Chancellor Philip Hammond made some bold predictions on the UK’s financial technology sector last week on the main day of the first International FinTech Conference.

Standing before Mark Carney, the Governor of the Bank of England, and Eileen Burbidge, venture capitalist turned UK fintech envoy, and hundreds of industry specialists in the grandiose surrounds of the Old Billingsgate Fish Market, Hammond did all that he could to highlight the Government’s commitment to this small but growing sector of the economy.

His forecast is the latest attempt by the Government to flaunt the country’s best bits following Brexit, with the Treasury last week ramping up its efforts to attract more investment into Britain by attempting to herald the sector’s success.