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Financial reforms set to deliver UK growth
The Herald
|July 16, 2025
RACHEL Reeves has unveiled reforms to the financial system set to be the biggest in a decade, aimed at delivering economic growth and spurring on retail investing.
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Changes include reforming the bank ring-fencing regime and reducing regulation to reintroduce “informed risk-taking”, the Government said.
The chancellor said the reforms, unveiled in Leeds, “represent the widest set of reforms to financial services for more than a decade”.
The Treasury said the ring-fencing regime - brought in after the 2008 financial crisis to separate banks’ retail and investment banking activities - will be reformed.
Economic Secretary Emma Reynolds will lead a review into how changes can strike the right balance between growth and stability.
This story is from the July 16, 2025 edition of The Herald.
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