4 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

12 h. ago ‘What reforms?’: City leaders underwhelmed by Rachel Reeves’ financial strategy

Attendees of Mansion House dinner say UK chancellor needs to go further with anti-regulation, pro-risk stance

Politics

23 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

26 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

27 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

27 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

27 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

27 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 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 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

37 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

45 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

45 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

45 h. ago UK cuts stock market red tape in bid to aid Chancellor’s growth plans

The FCA said UK firms will be able to raise cash and list on London stock markets more quickly and easily.

Politics

3 d. ago Reform wants to cut council diversity roles. The problem is there are already barely any

Exclusive: Party talks up sums that can be saved by cutting DEI jobs, but there are only a handful of such roles across the 10 councils it runsCouncils run by Reform UK have an average of fewer than 0.5 diversity and equality roles each, it has emerged, calling into question the party’s stated aim to save significant sums of money by cutting such jobs.According to freedom of information requests, across the 10 Reform-run English councils there was a combined 4.56 full-time equivalent (FTE) jobs connected to equality and diversity, not including roles required by law such as those for inclusion in education, including for pupils with disabilities. Continue reading...

Politics

5 d. ago Vote system change for electing London mayor 'good news for Labour but makes victory harder for Tories and Reform'

Will axing of first past the post encourage Sir Sadiq Khan to seek a fourth term in 2028?

Politics

6 d. ago Edinburgh MP Christine Jardine sacked from Lib Dem frontbenches over rebellion in memory of late husband

Lib Dem MPs had been told to abstain from the vote, which aimed to cut benefits for ‘less severe’ mental health conditions.

Politics

6 d. ago UK Government must explain how it aims to cut energy bills, says minister

Energy Secretary Gillian Martin was speaking after a plan to divide the UK into regional pricing zones was rejected.

Politics

7 d. ago ITV bosses 'scrap major part of Good Morning Britain' as furious staff react to fresh cuts

ITV is shutting down Good Morning Britain’s U.S. bureau for the first time in the show's history as part of major daytime cuts aimed at saving £50 million for the broadcaster

Politics

1 week ago 'Why would I get a job? I get your monthly wage in a week!' As Starmer's bid to cut disability benefits is sunk by Labour MPs, social media tutorials show claimants how to milk the system

Mastering the red tape behind Britain's bloated benefits system can apparently also present extraordinarily lucrative business opportunities.

Politics