Chancellor vows to ease regulations to make financial sector 'fighting fit'

Chancellor Rachel Reeves has pledged to loosen the rules for finance firms in a move aimed at boosting Britain's middling growth.

Delivering the annual Mansion House address, she said there would be an easing of access to mortgages, "meaningful reform" of bank ring-fencing rules, and simpler regulatory approvals for smaller financial services companies.

She also managed a joke about the tears she shed during PMQs.

Live updates: https://news.sky.com/story/politics-latest-starmer-small-boat-crossings-macron-state-visit-the-king-12593360

#Chancellor #RachelReeves #MansionHouse

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Post from Sky News on July 15, 2025

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