Chancellor Rachel Reeves Advocates Financial Reforms Amid Controversies
In her first Mansion House speech, Chancellor Rachel Reeves urged regulators to loosen post-2008 financial rules to stimulate growth, suggesting that current regulations harm the economy. She also proposed reducing bankers’ bonus deferral periods from eight to five years. Meanwhile, over 250 unpaid carers face potential criminal charges due to benefit overpayments, prompting calls for a review of repayment demands. Additionally, the police investigations into non-crime hate incidents involving children and the controversy surrounding a columnist’s police visit raise concerns about free speech and police resource allocation.