Reeves unveils City reforms aimed at cutting red tape and fuelling UK growth

<p>Leeds Reforms include streamlined accountability for senior bankers and a campaign to get more consumers investing in the stock market</p><ul><li><p><a href="https://www.theguardian.com/business/live/2025/jul/15/ftse-100-index-9000-point-record-thames-water-loss-mps-business-live-news-updates">Business live – latest updates</a></p></li></ul><p>Rachel Reeves has unveiled a package of City reforms meant to <a href="https://www.theguardian.com/business/2025/jul/15/rachel-reeves-to-say-cuts-to-city-red-tape-will-bring-trickle-down-benefits">cut “unnecessary” red tape</a> and encourage more financial risk-taking by companies and consumers in the hopes of spurring economic growth.</p><p>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 launch an advertising campaign to get consumers investing cash savings in stocks.</p> <a href="https://www.theguardian.com/business/2025/jul/15/rachel-reeves-unveils-city-reforms-cutting-red-tape-fuelling-uk-growth">Continue reading...</a>