Shadow Chancellor Rachel Reeves has vowed to extend efforts to cut bureaucratic hurdles currently easing regulations for the City of London to businesses across the entire UK economy. Speaking today, Reeves criticized existing rules and red tape as a "boot on the neck" of businesses, hindering growth and investment.
The pledge follows the Leeds Reforms, a government initiative aiming to modernize the financial system, encourage investment, and create skilled jobs nationwide. Reeves also urged a more positive outlook on individual savers investing in shares, signaling a broader economic vision.
Experts say this move aims to boost productivity and unlock economic potential beyond London's financial district.