Sarkulum moved away from risk

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The writer is the Chancellor

I have announced Leads reform today. The most extensive collection of range is more than a decade that the growing vaguely and competitive global market is a avenue for the growth of England.

Our vision for each of the eight high potential sectives identified in the modern industrial strategy, including financial services, can be completed as follows: a focus on the global strengths we own and a laser in determination to invest more.

This is a vision, the creators of the British enterprises, entrepreneurs and wealth. However, for a very long time, the ambitions of our economy were withdrawn with an unexpected regulatory system with disproportionate treatment.

The risk, like a lot, can be good and be bad. Related lending, the collapse of assets is not good for families that have paid the price of and working for the global financial crisis for the global financial crisis. Reserves placed in the following years were the need to be better protected and more accountant for consumers and more accountability.

However, for more than a decade, Sargaç, in the opposite direction, and completely demolished the risks in the center of extreme focus on our economy.

The same defective decision to see new and bats, the most infrastructure projects are someone who requires the most infrastructure projects, almost 140,000 financial specialists to confirm that they are in accordance with the roles of almost 140,000 years. And this is the same short-term thinking that delays the competencies for innovative Fintech companies, slowing up growth and capital access.

No other global-scale competitive financial services HUB does not apply such a ruthless bureaucration to their enterprises, and we must do. This culture, which is the neglect of the risks, is not an approach to the obsession with the risk of sealing in all forms and competitors. Bad for workers, is bad for people who grow and work.

Given that the financial services in Britain have not saved since 2010, less capital flowed into the business. The investment in the local economy stopped. Opportunities or employees were missed to increase work or increase employee pay.

Six months ago, I promised to change our approach and conveyed this promise today. Indeed, we have made changes to solve the risk culture that harms the damage. The percentage of about 30 million people in the UK has a monetary meeting in accounts that pay close to 1 percent. This was not valid under the last government, which inflation rose to 11 percent. This has significantly violated the spending of people’s deposits and damaged the live standards of these protectors.

The COVID-19 pandemia has ruthlessly exposed the lack of deposit needed to fall back. Today, there is a wide consensus that supports investing in people that many families can benefit for material health and sustainability.

This government will now provide this support, with an advertising campaign that leads an industry that explains the benefits of investing in investment. In addition, from next April, banks will be able to warn customers better investment choices, so they can even increase their deposits and put more money in their pockets.

Leads are reconstructed in scales and reaches my adjustable commitment for growth. This is the type of reform in the Mais lecture in 2024, in my salary in stability and investment. It is also ready for a plan for the rest of the economy. These reforms have taken a new growth period in financial services, but work is still being done to comply with other sectors.

In a world in a world that faces deep economic problems, Britain will be an inseparable from our welfare, Britain will be a global growth of the British open markets, responsible innovation and cooperation.

As the United Old Trade People in the World, this is what we have created here for people working here. An economy built on security and durability, with Britain becomes a bet on being a magnet for stability and investment.