Philip Hammond believes that the UK can still be a world-beater in technology after Brexit
The Chancellor is speaking at the UK's inaugural International FinTech Conference of firms and investors in the financial technology sector behind innovations like contactless card payments, mobile phone banking and online crowd-funding.
Fintech is already worth £7billion to the UK economy and provides consumers with better services and more choice while cutting costs for business Mr Hammond will say.
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But Britain cannot stay world Number One for such technologies unless it goes out to win the business, he will warn.
"We will have to strive and graft and fight to seize the opportunities – and make the most of them.
His Budget last month promised fresh funding for technical training to equip young people Things you may not know about Philip Hammond Wed, March 8, 2017
Philip Hammond will deliver his Autumn Statement to MPs at the House of Commons detailing the government's spending and taxation plans today
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He described the legalisation of same sex marriage as "damaging" for the Conservative Party but also said in time he will come to terms with the change
"While we need to continue to attract the brightest and the best from around the world to these shores, we must also do better at nurturing and developing the home-grown talent to drive our economy forward in the future."
His Budget last month promised fresh funding for technical training to equip young people for the jobs and industries of the future.
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