Watch: Reeves pledges to rip up red tape as post-2008 crash regulation ‘gone too far’

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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