LIVE: Reeves - rules - red tape 'choking off' innovation

LIVE: Reeves – rules – red tape ‘choking off’ innovation – LIVE

LIVE: Reeves – rules- red tape ‘choking off’ innovation

Chancellor Rachel Reeves and Bank of England Governor Andrew Bailey address the media at Mansion House.

Rachel Reeves claims that rules and red tapes are acting as a “boot on the neck” of businesses and risk “choking off” innovation across the UK without bold reforms.

In a series of proposals by Chancellor Rachel Reeves, a scheme that encourages the provision of low-deposit mortgages for first-time buyers will also be made permanent.

Reeves delivering Mansion House speech tonight. This as the government and chancellor aim to rebound from bruising blows on welfare and the winter fuel U-turn.

In a financial services strategy dubbed the Leeds Reforms, the chancellor outlines initiatives designed to boost the financial services sector.