City Of London
UK Minister Lobbied Against Tougher China Business Curbs
- Treasury minister Emma Reynolds lobbied on behalf of banks
- TheCityUK industry group sought to avoid ‘onerous’ new rules
Emma Reynolds
Photographer: Ian Forsyth/Getty ImagesThis article is for subscribers only.
A UK Treasury minister lobbied the previous Conservative administration for the financial sector to water down proposed restrictions on Chinese business activity, highlighting support in Keir Starmer’s government for maintaining ties with Beijing amid a fresh spying scandal.
Emma Reynolds, 47, was named a minister in the Treasury by Starmer after Labour’s election win in July, when she returned to Parliament after a 4 1/2-year absence. Until May, she was the managing director of public affairs at TheCityUK, a trade group representing banks in the City of London.