Chancellor of the Exchequer Rachel Reeves has launched a comprehensive economic initiative dubbed the “Leeds Reforms,” aimed at making the UK the most competitive financial services hub in the world. The announcement was made during a high-profile speech in Leeds, signaling the government’s intent to decentralize growth and promote financial innovation outside London.
Key proposals include easing regulations for fintech startups, encouraging pension funds to invest in domestic companies, and streamlining approval processes for financial products. Reeves also emphasized the importance of rebuilding public trust in finance and unlocking retail investor potential. Industry leaders welcomed the reforms, though some cautioned that execution and timeline will be crucial to their success.
