The UK Attorney General, Lord Hermer KC, spoke at the prestigious Guildhall in London, outlining the indispensable role of the rule of law in fostering economic growth. The event, attended by notable figures including Solicitor General Lucy Rigby MP, international lawyers, and UK judiciary members, reinforced the government’s focus on creating economic security through legal stability.

In his address, Lord Hermer highlighted the integral link between a strong rule of law framework and the economic priorities of the Prime Minister’s Plan for Change. He stressed that businesses thrive on legal certainty, which encourages investment, trade, and innovation.

He also drew attention to the international dimension, noting that trust in the global rule of law is essential for fostering international security and enabling the free flow of trade and investment. “Economic growth is not possible without the rule of law,” Lord Hermer stated, underscoring its importance in ensuring sustainable economic prosperity.

The Attorney General commended the UK’s legal sector for its culture of pro bono work, spotlighting contributions from organizations like the National Pro Bono Centre and regional committees that make justice more accessible.

Chris Hayward, Policy Chairman of the City of London Corporation, echoed these sentiments, emphasizing the rule of law as a cornerstone of the UK’s appeal to businesses worldwide. “It underpins trust in our legal and financial systems,” he said, highlighting the country’s reputation for stability and global leadership in commerce and justice.

The speech reinforced the government’s dedication to maintaining a robust legal framework that supports both domestic growth and the UK’s standing as a global hub for trade and investment.