Jeremy Hunt’s post-Brexit City shake-up is ‘damp squib’, say MPs

The Treasury committee called on the government to prioritise reforms that will make the most difference to the UK’s economic growth. Photograph: Hollie Adams/Reuters

Jeremy Hunt’s post-Brexit City shake-up has been dismissed as a “damp squib” that has had little impact on the UK economy a year after its launch.

The chancellor announced the “bold collection” of policy changes known as the Edinburgh reforms in December 2022 with the claim they would “create jobs, support businesses and power growth across all four nations of the UK”.