UK deregulation frees space ‘for bolder reforms’, says top bank lobbyist

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Financial Times 11h ago

UK deregulation frees space ‘for bolder reforms’, says top bank lobbyist - Financial Times

Quick Summary:

The lobby group has also urged the government to keep the tax-free cash Isa savings accounts that the Treasury is considering reforming, and suggested introducing a dividend franking regime to cut taxes on distributions to shareholders.

Postings said he was confident there would be many more such moves, arguing that fixing the burden of regulation will require action across many areas over a sustained period.“There isn’t really a silver bullet, one hit and we are out, we are free,” he said.Starmer seems to agree.

On Monday, top watchdogs including the Financial Conduct Authority and the Prudential Regulation Authority will be summoned to Downing Street to discuss the government’s latest push to cut red tape.