In a major speech, Rachel Reeves pledges to roll back financial regulations implemented post-2008 economic crash, citing unintended consequences hindering growth. The Chancellor plans to introduce reforms promoting competition in financial services, including issuing growth-focused remit letters to regulators and revamping consumer redress system. Additionally, she will unveil plans for pension megafunds to invest £80 billion in businesses and infrastructure, emphasizing the importance of the financial services sector in the UK economy.
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The EU doesn’t need a deal with Trump
Ursula von der Leyen is meeting Donald Trump in Scotland to discuss trade as tariff deadlines approach, drawing insights from her recent summits with Japan and China. The article argues that the EU should not concede to US pressures, highlighting the unpredictable nature of Trump's negotiations and suggesting that both the US and EU have more to lose than appears. Want More Context? 🔎
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