Biggest financial reforms ‘in a decade’ to bring risk-taking back into City

The Chancellor said the ‘Leeds reforms’ represent the widest set of financial reforms in a decade (Oli Scarff/PA) - (PA Wire)

Rachel Reeves has unveiled a package of reforms to the UK’s financial system set to be the biggest in a decade, aimed at delivering economic growth and spurring on retail investing.

Changes include reforming the bank ring-fencing regime and reducing burdensome regulation in the City in order to reintroduce “informed risk-taking” into the financial system, the Government said.