Reeves: Shares rule 'reinvigorating City'

CHANCELLOR Rachel Reeves will say that cutting red tape for firms listing their shares on the London stock markets is "reinvigor- ating" the City after early signs of a revival.

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Ms Reeves also set her hopes on the FTSE 100's standout year encouraging more Britons to get investing.

The Chancellor's remarks coincide with the financial watchdog introducing new rules in the UK's capital markets today.

The new measures lower costs and speed things up for UK businesses looking to secure investment.

"Two years ago, some said the City's best days were behind it. They were wrong," Ms Reeves is expected to say at an event in the City of London today.

"As the FTSE 100 reaches record highs and global firms once again choose London, we are seeing the first signs of a new golden age for the City.