Originally published by Thomson Reuters, the opinion article discusses the UK government's initiative to reduce regulatory burdens and promote economic growth. The Labour government’s initiative, led by Chancellor Rachel Reeves, aims to cut the administrative cost of regulation by a quarter, making the UK a more attractive place for business. The article questions whether these proposals are realistic or merely political rhetoric.
While the government's press release is optimistic, the proposed "Action Plan" lacks substantive reforms for financial firms. It has only a few promising elements, like increased support for early growth firms and reduced regulatory reporting requirements.
A recent proposal for a less burdensome regime for asset managers could enhance the UK's position in private equity and hedge funds. While hopeful, it remains uncertain if these efforts will lead to meaningful change or fall short.
"OPINION: Pie in the sky or sensible proposition: UK government asks regulators to ensure they support growth, not hinder it," Thomson Reuters, May 7, 2025
London
