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Evening Standard
Evening Standard
Business
Jonathan Prynn

Rachel Reeves unveils 'pro-growth' shake-up of excessive City regulation and red tape

Chancellor Rachel Reeves unveils package of measures in a Mansion House speech (PA) - (PA Wire)

Rachel Reeves is unveiling a shake up of Britain’s financial services sector and regulation to promote growth and prevent the City’s decline as a global financial centre

Speaking at the Mansion House - the Lord Mayor of London’s official residence - in the heart of the Square Mile, the Chancellor is telling the City that regulatory changes put in place eliminate risk after the financial crisis have “gone too far” and are stifling innovation and growth.

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