FN London

Financial News

News

Law

Asset Management

Investment Banking

Wealth

Hedge Funds

People

Newsletters

Events

Lists

Commentary

Government finds there is no free lunch on growth-boosting City reforms

The holy grail of a low-cost change that gives an instant economic hike may be fantasy

By David Wighton
The City will be delighted if Kwarteng relaxes the fee cap and Solvency II. How much this will stimulate economic growth is less clear
The City will be delighted if Kwarteng relaxes the fee cap and Solvency II. How much this will stimulate economic growth is less clear Photo: Getty Images

David Wighton is a columnist for Financial News

This might just be the best time in living memory to be a City lobbyist. The government’s attitude to finance has changed so dramatically in the space of a few weeks that almost anything on the City’s wish list of reforms now seems possible. As long as it doesn’t cost the Treasury any money.

WSJ Logo
GQG Launches Buyback After Stock Tumbles on Adani Probe

GQG Launches Buyback After Stock Tumbles on Adani Probe

Trump Considers Warsh Serving as Treasury Secretary—and Then Fed Chair

Large Accounting Firms Will Have to Submit Financial Statements to U.S. Regulator

Nvidia Is on Top but Does It Have Anywhere to Go but Down?

U.K. Consumers Cheerier Ahead of Holidays as Budget, U.S. Election Jitters Fade