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Reuters
Britain to lay out financial reforms to ‘turbocharge’ growth
Britain will set out reforms on Friday to ease bank capital rules, one of 30 measures the government says will unlock investment and secure its position as the world’s “foremost financial centre”. “Leaving the EU gives us a golden opportunity to reshape our regulatory regime and unleash the full potential of our formidable financial services sector,” finance minister Jeremy Hunt said in a statement on Thursday ahead of the announcement. The reforms which Hunt said will “turbocharge” growth in the face of recession and a cost of living crisis, take advantage of Britain’s European Union exit to tailor its own rules.
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