UK Seeks Ideas on How Financial Regulators Can Boost Growth
- City minister calls for proposals to improve competitiveness
- Sunak facing criticism UK is less attractive to investment
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The UK is raising pressure on financial regulators to do more to boost growth, as Prime Minister Rishi Sunak faces criticism of the country’s business climate.
The Treasury is requesting proposals on how its financial regulators can improve the UK’s international competitiveness, City minister Andrew Griffith said in a statement. The government wants the Financial Conduct Authority and Prudential Regulation Authority to take steps to fulfill obligations imposed in the wake of the UK’s exit from the European Union to build a more growth-friendly regulatory framework.