IlluMyFi

Nobel laureate Joseph Stiglitz among 50 signatories of statement that points to risks to Labour’s wider aims

Fifty economists and policy experts have issued a warning to Rachel Reeves that encouraging the City to expand could threaten financial stability and jeopardise growth.

The chancellor has called the UK’s financial services sector “the crown jewel in our economy” and has claimed that regulations imposed after the global financial crisis have “gone too far”.

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-0.97

Bearish/Bullish

22.12.24 11:43

by theguardian.com

Rachel Reeves’ push to improve EU ties remains boxed in by red lines

Chancellor’s visit to EU meeting looks for smoother trade to improve growth but youth mobility scheme remains sticking point

Rachel Reeves is seeking a “deeper, more mature relationship” between Britain and the EU: this was her central message to the bloc’s finance ministers in Brussels a fortnight ago.

In her brief speech to the meeting of her European counterparts – the first a UK chancellor had attended since Brexit – Reeves mentioned the UK’s “relationship” with the EU, nine times.

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