The U.K. Treasury chief, Rachel Reeves, said the government was working to lock in long-term economic growth by investing in infrastructure, negotiating international trade deals and working to make Britain a hub for the development of artificial intelligence and other innovative technologies.
The Bank of England cutting its main interest rate to 4%, the lowest level since March 2023
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Reeves announced plans to pare back some of the regulations introduced after the 2008 global financial crisis, which was triggered by risky lending.
U.K. Treasury chief will cut financial services red tape to boost investment
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