If Reeves wants Britain to grow, she must free us to take risks [Yahoo! Finance]
LEGAL&GENL GRP PLC S/ADR (LGGNY)
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Source: Yahoo! Finance
Reeves speaking to city bigwigs at Mansion House this week . Reeves was referring specifically to the regime of financial regulation introduced after the 2008 financial crash, but her words apply to almost every area of regulation in Britain. At the heart of the Chancellor's pitch on the economy is the idea that Britain has a chronic problem with under-investment. In the City of London, we possess one of the world's best financial centres. Our pension market is the third largest in the world. And yet, for decades Britain has been stuck at the bottom of the league tables for business investment. It is nearly three decades since Britain's last invested more as a share of GDP than France, Germany or the United States. In their essay Foundations, Ben Southwood, Sam Bowman, and Samuel Hughes point out that since 2016, our capital stock has actually shrunk, while across the rest of the G7, it has grown by 14 per cent on average. Reeves wants to fix that, in part, by removing some of t
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