Bailey urges caution over red tape cuts as Reeves is told to scale back regulations

Source: Mail Online

Published: Feb, 11 2025 22:22

Summary at a Glance

The Bank of England governor said that amid the clamour to cut through red tape in order to boost growth, the Chancellor must keep in mind the ‘lasting damage’ caused by the meltdown in 2008 and 2009.

Pressure: Chancellor Rachel Reeves has signalled that she is ready to take on regulators as she desperately tries to revive her flailing growth plan.

Andrew Bailey yesterday warned Rachel Reeves not to forget the lessons of the financial crisis amid mounting pressure from the City to scale back regulation.

Concerns: Bank of England governor Andrew Bailey said the Chancellor must keep in mind the ‘lasting damage’ caused by the meltdown in 2008 and 2009.

Reeves has signalled that she is ready to take on regulators as she desperately tries to revive her flailing growth plan.

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Bailey urges caution over red tape cuts as Reeves is told to scale back regulations

Bailey urges caution over red tape cuts as Reeves is told to scale back regulations

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