5 h. ago Rachel Reeves warned by City grandees not to weaken banking safeguards

Chancellor’s plan to slash red tape could raise financial risks and do little to help households, say architects of UK’s post-2008 reformsRachel Reeves has been warned by City grandees that her plan to slash financial red tape could have little benefit for British households while increasing risks in the banking industry.The chancellor used a speech to City bosses attending the annual Mansion House dinner on Tuesday to argue that in too many areas regulation was acting as a “boot on the neck of business”, as she pledged sweeping changes to help revive the economy. Continue reading...

Events

8 h. ago Rachel Reeves inadvertently breached rules on declaring freebies, watchdog finds

The chancellor apologised for the error involving the declaration of theatre tickets for an adaptation of the classic children’s novel Ballet Shoes

Politics

13 h. ago Is Labour sowing the seeds for mortgage meltdown? Risky new rules that could give borrowers huge loans

Rachel Reeves is sweeping aside rules put in place to protect homeowners in a move which experts warn could sow the seeds for a future catastrophe.

Events

21 h. ago What Labour's mortgage meltdown means for YOUR house price: Experts reveal the risk of 'dangerous' new lending policy

Rachel Reeves is sweeping aside rules put in place to protect homeowners in a move which experts warn could sow the seeds for a future catastrophe.

Events

24 h. ago Reeves pledges to extend purge of City red tape to rest of UK economy

Chancellor uses Mansion House speech to unveil what she claims is a big reduction in financial services regulation

Politics

25 h. ago Rachel Reeves vows to rip up rules acting as 'boot on the neck' of businesses

In her Mansion House speech to City chiefs, the Chancellor said her plans for an overhaul of financial services would have a 'ripple effect' across the whole economy

Politics

27 h. ago Watchdogs insist reducing regulation will not increase risk of financial crisis

MPs raised concerns that a move to cut red tape typically comes before major financial turmoil.

Events

28 h. ago UK regulation is a ‘boot on the neck of business’, Reeves to tell City

Chancellor will announce the biggest cut in a decade to regulations ‘choking off enterprise and innovation’

Politics

28 h. ago Reeves to say rules and red tape are ‘boot on the neck’ of innovation

At the Mansion House dinner she will call for regulators to allow more risk to clear the way for economic growthRachel Reeves will say that rules and red tape are acting as a “boot on the neck” of businesses and risk “choking off” innovation across the UK without bold reforms.In a speech to City bosses attending the Mansion House dinner at London’s Guildhall on Tuesday evening, the chancellor will heap further pressure on regulators to allow for more risk in order to boost economic growth. Continue reading...

Politics

28 h. ago Reeves says rules and red tape are ‘boot on the neck’ of innovation

At the Mansion House dinner she calls for regulators to allow more risk to clear the way for economic growthRachel Reeves has claimed that rules and red tape are acting as a “boot on the neck” of businesses and risk “choking off” innovation across the UK without bold reforms.In a speech to City bosses attending the Mansion House dinner at London’s Guildhall on Tuesday evening, the chancellor heaped further pressure on regulators to allow for more risk in order to boost economic growth. Continue reading...

Politics

28 h. ago Reeves says rules and red tape are ‘boot on the neck’ of business

At the Mansion House dinner she calls for regulators to allow more risk to clear the way for economic growthNils Pratley: tread carefully with reform of bank ringfencing, chancellorRachel Reeves has claimed that rules and red tape are acting as a “boot on the neck” of businesses and risk “choking off” innovation across the UK without bold reforms.In a speech to City bosses attending the Mansion House dinner at London’s Guildhall on Tuesday evening, the chancellor heaped further pressure on regulators to allow for more risk in order to boost economic growth. Continue reading...

Politics

28 h. ago Rachel Reeves vows to take ‘the boot of regulation off the throat of businesses’ in red tape bonfire

After announcing reforms to the mortgage market, the chancellor hopes to spur economic growth with a bonfire of regulations for the City

Events

31 h. ago Reeves to reform UK bank ringfence rules in financial services overhaul

Chancellor announces ‘Leeds reforms’ to try and drum up more investment

Economics

32 h. ago Reeves unveils City strategy aimed at cutting red tape and fuelling UK growth

‘Leeds Reforms’ include streamlined accountability for senior bankers and a campaign to get more consumers investing in stock marketBusiness live – latest updatesRachel Reeves has unveiled a package of City changes meant to cut “unnecessary” red tape and encourage more financial risk-taking by companies and consumers in the hopes of spurring economic growth.In a financial services strategy dubbed the Leeds Reforms, the chancellor outlined initiatives designed to boost the financial services sector, including plans to cut “unnecessary costs” related to accountability rules for senior bankers, and to launch an advertising campaign to get consumers investing cash savings in stocks. Continue reading...

Politics

33 h. ago Thousands offered UK asylum in secret scheme after personal data of Afghans who helped British forces leaked by mistake – live

Dataset containing details of thousands of Afghans who applied for relocation to UK released ‘in error’ in 2022Helen Miller is taking over as director of the Insitute for Fiscal Studies thinktank this week, taking over from Paul Johnson, who established himself as the nation’s leading budget commentator.Budget commentary tends to focus on the Treasury’s fiscal rules, on how much “headroom” is available to Rachel Reeves (spare cash in the budget – based on spending plans and anticipated tax revenue, based on the OBR’s growth assumptions), and whether tax or spending plans need to change because the OBR’s forecasts have shifted.Labour came to office with the promise of a ‘mission-driven’ government – a commitment to long-term thinking and systemic reform. The ambition that we should be ‘raising our sights as a nation’ and finding ways to tackle the big challenges we face is the right one.Despite this, we continue to limp from fiscal event to fiscal event, obsessed with whether run of ...

Society

34 h. ago Reeves unveils City reforms aimed at cutting red tape and fuelling UK growth

Leeds Reforms include streamlined accountability for senior bankers and a campaign to get more consumers investing in the stock marketBusiness live – latest updatesRachel Reeves has unveiled a package of City reforms meant to cut “unnecessary” red tape and encourage more financial risk-taking by companies and consumers in the hopes of spurring economic growth.In a financial services strategy dubbed the Leeds Reforms, the chancellor outlined initiatives designed to boost the financial services sector, including plans to cut “unnecessary costs” related to accountability rules for senior bankers, and to launch an advertising campaign to get consumers investing cash savings in stocks. Continue reading...

Politics

35 h. ago Reeves tears up UK bank ringfence rules in financial services overhaul

Chancellor announces ‘Leeds reforms’ to try and drum up more investment

Economics

38 h. ago Rachel Reeves’ mortgage gamble is the move of a chancellor who is running out of options

Plans to get more people on the housing ladder should be applauded, writes David Maddox, but the chancellor must take heed of lessons from the past

Politics

46 h. ago Rachel Reeves set to bet the house on economic growth by loosening mortgage rules

The chancellor is set to rip up many of the rules brought in after the 2008 financial crash to encourage investors and businesses to take risks again and open up the housing market to thousands more first-time buyers

Economics

46 h. ago Reeves hails ‘instant impact’ for aspiring homeowners as red tape is cut

Chancellor Rachel Reeves is expected to say on Tuesday that she has placed financial services ‘at the heart of the Government’s growth mission’.

Politics