💨 Abstract

Treasury chief Rachel Reeves has vowed to simplify regulations for banks and finance firms to encourage investment and boost the economy. This includes reforming rules introduced after the 2008 financial crisis. Reeves aims to support growth and investment across all economic sectors, also allowing mortgage-lenders to loan more. The Labour Party, despite a landslide victory in 2024, is facing backlash over recent U-turns and economic performance.

Courtesy: WTOP Staff