The British list is “a prelude to the work of the work”, Reeves to inform the city

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Chancellor Rachel Reeves will inform an audience in London on Tuesday that the first organizational culture in Britain is “” “shoes on the neck of work”, because it promises to sweep the red tape through the economy.

Reeves will use its annual letter to the Palace House to announce what it claims to be the largest list of financial services services during a decade, on the pretext that Britain has participated in an attempt to erode the risks of the economy.

You will say that the motivation against the red tape should extend beyond the city to all sectors of the economy, while insisting that Britain must adopt a new culture in which the rules are spread to increase growth, not to reduce risk.

“It is clear that we should do more,” says Reeves. “In many areas, the organization continues to serve as shoes on the neck of companies, suffocating the institution and innovation that is the lifeblood of growth.”

“The organizers in other sectors must take the call this evening and not bend to the temptation of excessive caution,” she says. “They must organize the boldness of growth in the service of prosperity throughout our country.”

Reeves’s comprehensive message to Grandees is that Britain needs to bear more risks and that the organizational culture that was established after the 2008 financial crisis has gone.

In the city, this means Fix the rules of ringfense This forces banks in the United Kingdom to separate their retail and investment banking activities – a change that was presented after 2008 – along with capital and reporting requirements.

Earlier on Tuesday, Reeves also announced the background of what it claimed was a large system of senior managers in the city and reforming the service of the Secretary of the Financial Grievances.

The consultant will also launch a new business squad to support companies to include and grow in the United Kingdom as part of the efforts to revive the stock exchange.

Meanwhile, the public will be encouraged by banks and through a national advertising campaign to bear more risks with their savings, and invest in stocks and stocks to enhance returns.

Reeves is under pressure to take more political risks as well, as it seeks to enhance growth in the face of the deteriorating financial situation and the possibility that you have to raise taxes significantly in its autumn budget.

Her comments attracted a skeptical reception from observers who say the Labor Party has failed to provide reforms necessary to transfer the economy during its first year in his position.

Despite the policies of enhancing general investment that will be given in time, “it does not seem to be a fundamental change.”

“Growth should be the first task,” she said. “We must throw the kitchen sink on it (but) does not feel it.” She added that the new focus on raising defense spending has exceeded other priorities, which limits the scope of investment in other areas such as local transportation or non -military research and development.

Miller said that the “obsession” is the main headquarters that the advisor was against its financial bases is the “political choice” of a government that preserved its predecessors’ policies, to care for children funded by the state and lock the triple pension, instead of starting a discussion about the size and role of the state.

Meanwhile, Richard Hughes, head of the Budget Responsibility Office, delivered a bleak memo on the health of public financial affairs when he addressed the deputies on Tuesday.

The head of the International Financial Energy Agency warned of “reasons for concern” regarding the level of public debt in the United Kingdom, given the country’s exposure to economic shocks and the massive influence of events such as the financial crisis and the epidemic.

“We have already raised taxes in this country-the tax burden is close to the highest level, so we used some of this policy,” MPS told MPS.

He added that the size of the state was also approaching the highest levels of post -war, while the demand for pension funds for the debts of the UK government is declining.

Additional reports by Sam Fleming