Rachel Reeves to welcome the financial “stability” and hide the risks in the city in the palace speech

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On Tuesday, Chancellor Rachel Reeves will put a vision for the British financial services industry based on sound public finances and a regulatory system directed towards growth instead of eliminating risks.

Reeves County London will inform in a speech of its palace’s home that it will not endanger Britain economic “Stability”, although pressure from some work deputies to high public spending and the most amazing financial rules.

The chancellor’s allergy said that she will announce plans to tear “Reams of Financial Red Red” and that she will be “ruthless in the rules that make the United Kingdom not competitive.”

The people who have seen the speech said that it would accelerate the reforms to the “big managers system”, which are the accountability rules that were presented after the 2008 financial collapse in which the city complained is very stressful.

After a few weeks harmful to Reeves, in which she forced to give up 6.25 billion pounds of social welfare savings by the rebel workers ’representatives, the chancellor will insist that she had a grip on the economy and will not let borrow running out.

“It will highlight how the government regains stability as a vital prior condition for the formation of tomorrow’s economy, and to support four discounts in interest rates to reduce the costs of real estate and commercial lending,” said Reefs ally.

However, many in London fear that Reeves will try to fill a growing hole in its financial plans by increasing taxes in the financial services sector – such as increasing the bank tax – or on the wealthy.

The poll found by survival last month that 64 percent of the Labor Party deputies said that the financial rules of Refiz are prohibiting the capabilities of the ministers to achieve their goals, including raising living standards and improving public services.

Reeves insisted on the rules, the most important of which is a pledge to finance daily spending only with tax receipts by 2029-30, is vital to maintaining market confidence and maintaining the debt department under control.

The bond revenues increased in the sight of Reeves crying in the House of Commons earlier this month, amid fears that they may be about to leave the cabinet. The markets are afraid that the new Labor Party advisor will take a more flexible financial approach.

Reeves’s speech will be an important moment because she seeks to reaffirm her authority, while at the same time her fans are reassured that she will honor her promise to change the organizational culture of Britain so that “organizes growth”, not only for dangers.

Since 2016, senior managers have forced senior bank executives, and to build credit societies and federations to assume personal responsibility for violations if they did not take “reasonable steps” to prevent them.

The penalties range from fines to ban. The United Kingdom, which represents 300 companies in the sector, warned that the system of seizing “large areas of people and compliance has become very stressful.”

Reeves will develop plans to reduce the burden of the system of senior managers and the certificate system, which covers approximately 140,000 financial professionals, by half, enabling the organizers to set a more consistent system.

Treasury officials said that she would also suggest making senior management dates easier, reduce the time schedules for review by the organizers from three to two months and remove the pre -style of about 4 percent on average in banks and insurance companies.

Financial services are one of the eight “growth” sectors that have been identified in the new industrial strategy of the government, and will put Reeves proposals to help it take the increasing international competition.

Reeves failed to push reforms to fuel payments in the winter and the benefits of disease and disability has shook confidence in the treasury.

The chancellor was forced to plan the speech plans in the house of its palace to reduce the monetary ISAS, an idea aimed at converting savings into stocks, after a violent reaction from the construction of societies and the heroes of consumers.