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Banking reforms expert Q&A: will relaxing the rules help the UK economy and what are the risks?

By Robert Webb, Professor of Banking & Applied Economics, University of Stirling
Jeremy Hunt, the UK chancellor of the exchequer, has unveiled a package of measures aiming to protect the City of London’s position as one of the world’s leading financial capitals. With the UK having lost nearly a tenth of the financial assets it manages since Brexit, plus at least 7,000 jobs, mostly to mainland Europe, much of the focus of these “Edinburgh reforms” is on making London more competitive.

This includes rowing back on rules introduced…The Conversation


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