Andrew Bailey signals looser UK financial regulations in investment drive

Andrew Bailey signals looser UK financial regulations in investment drive

By Chris Giles and Josephine Cumbo
November 17, 2020, Financial Times

The Bank of England governor signalled on Tuesday that he favours loosening financial regulations in an attempt to foster higher long-term “productive investment” as the UK recovers from the coronavirus crisis.

Speaking to the TheCityUK business group, Andrew Bailey said that if the UK economy was going to recover successfully from the crisis, it would require business investment “on a much larger scale than we have seen in recent years”.

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