Watch as Oliver Dowden delivers a speech on financial safety on Thursday 18 April.
Britain wants to spice up its financial defences to counter the “safety dangers” of globalisation, the deputy prime minister warned.
Mr Dowden set out plans to bolster the UK’s means to cope with “financial safety shocks” such because the rise in power costs following Russia’s invasion of Ukraine.
He advised the Chatham Home suppose tank that “whereas the monetary crash uncovered the financial dangers of globalisation, in the present day’s rising geopolitical competitors is demonstrating the safety dangers behind such integration”.
“We should be clear-eyed that one of many nice strengths of our system is its openness, however that additionally brings vulnerabilities,” he added.
Mr Dowden was additionally anticipated to set out a evaluate of export controls of rising applied sciences and the dangers from UK companies investing abroad.