Overview

• Chancellor Rachel Reeves announced plans to dismantle parts of the post-2008 financial regulatory framework to stimulate growth in the UK economy.
• Reeves argued that excessive financial regulations hinder market competition, increase consumer costs, and stifle new market entrants.
• She criticized environmental regulations as the primary obstacle to renewable energy projects, including wind farms and pylon construction.
• The £100 million HS2 'bat tunnel' was highlighted as an example of what Reeves called 'insane' environmental costs impeding infrastructure development.
• Reeves emphasized the need to balance environmental protections with housing, energy, and transport infrastructure to address economic stagnation.