The move is the flagship policy of the government's attempts to refashion financial regulation after Brexit. Referring to the benefits of ex-chancellor Nigel Lawson's 1986 Big Bang deregulation of the City of London, Jeremy Hunt said there was an The move is the flagship policy of the government's attempts to refashion financial regulation after Brexit. Referring to the benefits of ex-chancellor Nigel Lawson's 1986 Big Bang deregulation of the City of London, Jeremy Hunt said there was an "ambitious program of reforms" underway for the wider financial services industry. (Credit: Krisztian Miklosy)

(Bloomberg) — After years of fraught debate between regulators, insurers and the Treasury, Jeremy Hunt, Chancellor of the Exchequer, confirmed Thursday that the government would push forward with reforms to a corner of the City of London that's intended to release billions of pounds of investment into the economy.

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