The Institute of Economic Affairs is delighted to announce that the winner of the 2013 Free Enterprise Award is Vernon W. Hill II, Founder and Chairman of Metro Bank.
The prestigious award is given to the person judged to have made the greatest contribution to the market economy in the past year. This year it will be presented by former Chancellor of the Exchequer, Lord Lamont of Lerwick.
Commenting on the award, Mark Littlewood, Director General of the Institute of Economic Affairs, said:
“Vernon Hill embodies free market enterprise. He is a remarkable entrepreneur who has identified a clear opportunity and entered the UK banking scene at a time when the sector has been under constant fire. He is a breath of fresh air in the UK landscape and was the overwhelming winner as decided by our panel of judges.
“He has shown incredible perseverance and imagination in developing new ventures. Free enterprise is all about creating new opportunities and finding new ways of meeting people’s needs. Metro Bank is a shining example of innovation improving people’s lives. It’s refreshing to see more competition and choice in the banking sector on our high streets and it is testament to Vernon’s energy and drive that he has shown such determination in overcoming the regulatory hurdles th