Jeremy Hunt unveils plan to boost City by loosening credit crunch rules trends now
Post-Brexit 'big bang' for the City: Chancellor Jeremy Hunt unveils plan to slash EU red tape and loosen credit crunch capital rules to unlock £100bn of investment
Chancellor Jeremy Hunt has unveiled measures to boost the UK financial sector 'Edinburgh reforms' will cut EU red tape and loosen some credit crunch era rules Mr Hunt said plans will 'seize on Brexit freedoms' and deliver 'agile' regulation By James Tapsfield, Political Editor For Mailonline
Published: 08:25 GMT, 9 December 2022 | Updated: 08:28 GMT, 9 December 2022
Jeremy Hunt today unveiled a post-Brexit 'big bang' for financial sector in a bid to boost growth.
On a visit to Scotland, the Chancellor declared that EU red tape will be slashed and credit crunch-era rules loosened to unlock £100billion of investment in the UK economy.
The 'Edinburgh reforms' are designed to bolster the capital's status as the pre-eminent financial centre in Europe - which has been dealt a blow over recent years.
The package has echoes of the 1980s 'big bang' deregulation under the Thatcher government, which sparked a boom in the sector.
The moves will loosen banking rules introduced after the 2008 financial crisis, which saw some UK banks face
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