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Reeves plans to rip up already weak banking regulations branded ‘craven and irresponsible’
Chancellor of the Exchequer Rachel Reeves during the Financial and Professional Services Dinner, in the Egyptian Hall of Mansion House, in the City of London, November 14, 2024
CHANCELLOR Rachel Reeves faced fresh criticism today after claiming that safeguards imposed on the financial sector in the wake of the 2008 crash had “gone too far.”
Signalling lighter-touch regulation of financial firms, she said: “These changes have resulted in a system which sought to eliminate risk-taking.
“That has gone too far and, in places, it has had unintended consequences which we must now address.”
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