Mansion House reforms will make London the destination of choice for financial services

LEEDS, ENGLAND – JULY 15: Chancellor of the Exchequer, Rachel Reeves, reacts during roundtable discussion with representatives of the financial services industry, during a visit to Lloyds Banking Group’s offices on July 15, 2025 in Leeds, England. The chancellor addressed a roundtable meeting of finance industry executives, announcing a package of reforms the government hopes will make the UK the “best place to do business, attract investment and create skilled jobs.” (Photo by Oli Scarff – WPA Pool/Getty Images)

The Chancellor’s Mansion House speech sets out a new strategy to cut bureaucracy in the UK’s financial services sector, aiming to drive investment, support businesses and savers, and restore the country’s status as a global financial leader, says Emma Reynolds

For too long, our most promising businesses have been held back by a system that doesn’t support them to grow and deprives working people of security and opportunities.

Britain is a financial services superpower, yet growth in the sector has stalled for over a decade – with red tape tightening its grip over time,........

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