Badenoch Pledges 3 UK Finance Overhauls to Attract Investment

1 articles · Updated · Bloomberg · Jun 17

Kemi Badenoch will use a City of London speech on Thursday to pitch the UK as more “investable,” unveiling a three-part Conservative plan focused on financial regulation.
The package would loosen bank capital rules, replace the Financial Ombudsman with a complaints system she says would deliver more predictable judgments, and scrap post-crisis ring-fencing.
That repeal would unwind a safeguard introduced after the global financial crisis that forces banks to separate retail operations from riskier activities.
Badenoch is using the agenda to sharpen the Conservatives’ pro-business message as the main opposition party tries to revive its political fortunes.