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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