Cutting finance red tape in pursuit of growth poses ‘top risk’ to consumers

Helen Charlton, chair of the Financial Services Consumer Panel, spoke to MPs on the committee (House of Commons/PA) -

Attempts to make financial watchdogs prioritise economic growth could hurt consumers, MPs have heard, weeks after the Chancellor vowed to cut red tape to spur investment.

Helen Charlton, chair of the Financial Services Consumer Panel (FSCP), said a push for growth from regulators poses “a top risk to consumers”.