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

26 h. ago Britain cannot grow without ‘fighting fit’ finance sector, Rachel Reeves says

Ms Reeves, delivering her annual Mansion House speech to the financial services sector, said changes were needed for the UK to stay competitive.

Politics

29 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

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

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

2 w. ago Rachel Reeves can end the London exodus and unleash the City

In the latest in our London Unleashed series Peel Hunt’s Charles Hall outlines how the City can be revived

Politics

last month Losses widen for City banker Peel Hunt amid dearth of UK stock market listings

The company said there were historically low levels of equity capital markets activity in the UK over the past year.

Economics