US EditionUK Treasury Chief Says She'll Slash Financial Services Red Tape to Boost Investment
UNITED KINGDOM, JUL 12 – Rachel Reeves pledges to cut financial regulation by 25% to revive UK growth amid two months of GDP contraction and an exodus of millionaires, aiming to boost London's competitiveness.
- UK firms will benefit from reduced regulations, allowing easier access to cash and listings on London stock markets, as confirmed by the Financial Conduct Authority .
- Chancellor Rachel Reeves supports measures to cut red tape in hopes of driving economic growth and encouraging investment in the UK.
- New rules from the FCA will reduce time and complexity for companies seeking to issue shares, streamlining the process for raising funds.
- Reeves aims to position the UK as a prime location for business while facing pressure to revive the economy amid challenges in the financial services sector post-Brexit.
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Total News Sources20
Leaning Left6Leaning Right0Center11Last UpdatedBias Distribution65% Center
Bias Distribution
- 65% of the sources are Center
65% Center
L 35%
C 65%
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