Reeves pledges to rip up red tape as post-2008 crash regulation ‘gone too far’

Rachel Reeves will say regulatory changes brought in since 2008 have ‘gone too far’ (Jordan Pettitt/PA) - (PA Wire)

Rachel Reeves will pledge to rip up financial red tape in a major speech arguing that regulatory changes following the 2008 economic crash have “gone too far”.

The Chancellor will use her first Mansion House address to say that measures brought in since the crisis to “eliminate risk” have had “unintended consequences” in holding back growth.