Rachel Reeves urges financial regulators to stimulate UK economic growth

Pushing regulators to boost international competitiveness of the UK economy

Linus Uhlig
clock • 2 min read

Senior politicians at the Treasury have nudged the Financial Conduct Authority and the Prudential Regulation Authority to help to ramp up growth in the City of London.

Chancellor Rachel Reeves and City minister Tulip Siddiq "are constantly asking regulators, ‘What are you doing in practice to meet that secondary objective?'" of facilitating the medium to long-term international competitiveness of the UK economy, according to Reeves.  This secondary objective was first brought in by Reeves' predecessor Jeremy Hunt.  Speaking during her tour of North America, where she has met with Canadian pension fund giants and major US-based financial institutions, Reeves said: "I believe that our financial services sector is the jewel in the crown of the UK econo...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

Linus Uhlig
Author spotlight

Linus Uhlig

Linus Uhlig is a senior reporter at Investment Week

More on Economics / Markets

IFS: Reeves must plug £22bn fiscal hole to restore 'tiny' headroom

IFS: Reeves must plug £22bn fiscal hole to restore 'tiny' headroom

Think tank urges chancellor to avoid 'limping from one forecast to the next'

Linus Uhlig
clock 16 October 2025 • 2 min read
City 'has lost sympathy with this Labour government' - George Osborne

City 'has lost sympathy with this Labour government' - George Osborne

Former chancellor defends the OBR

Michael Nelson
clock 01 October 2025 • 3 min read
Labour remains 'unequivocal in our commitment to economic responsibility' - Chancellor

Labour remains 'unequivocal in our commitment to economic responsibility' - Chancellor

Rachel Reeves was speaking at the Labour Party conference

Linus Uhlig
clock 29 September 2025 • 3 min read