Chancellor Rachel Reeves has told City bosses that Britain cannot meet its growth ambitions without a “fighting fit and thriving” finance sector, as she urged regulators to resist “excessive caution”.
Ms Reeves, delivering her annual Mansion House speech to the financial services sector, said changes were needed for the UK to stay competitive in a more uncertain global economy.
“Today, I have placed financial services at the heart of the Government’s growth mission, recognising that Britain cannot succeed and meet its growth ambitions without a financial services sector that is fighting fit and thriving,” she told the attendees.
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