Reeves reveals plan to rip up banking regulations brought in after financial crash
Briefly

The Independent emphasizes the necessity of unbiased and accessible journalism on critical issues including reproductive rights and economic regulations. Rachel Reeves has voiced intentions to reduce regulatory burdens established post-2008 financial crisis to stimulate economic growth, striving to attract new market entrants and lower consumer prices. During a recent panel discussion in Washington DC, she argued that current regulations are excessive and suggested revisiting pre-crisis norms to invigorate the UK financial sector. The Independent's mission includes informing the public amidst pivotal moments without the barrier of paywalls, relying on donations to support essential reporting.
Rachel Reeves has expressed a clear desire to unwind some financial regulations implemented after the 2008 crash, arguing they have stifled competition and elevated consumer prices.
The Independent is committed to delivering vital news without paywalls, emphasizing the importance of accessible journalism during critical societal moments and maintaining credibility across political lines.
Speaking on a Washington DC panel, Ms. Reeves highlighted the need for regulatory reform due to stagnant economic growth since Labour's takeover, suggesting a return to pre-crisis regulations.
In her view, excessive regulations hinder market entry for new businesses and inflate consumer costs, indicating that it may be necessary to reassess post-financial crisis regulatory frameworks.
Read at www.independent.co.uk
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