Reeves chooses the risk of British financial services while trying to increase growth

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Rachel Reeves will use her speech in the manor house to demand a great risk in financial services, with relaxed regulation and the figures of the city of London a new campaign “Tell Sid” to convince the British public to buy stocks.

On Tuesday, the British Chancellor will show plans for what she claims to be the greatest reforms Financial regulation In a decade when she tries to increase the risk in the entire sector to increase growth and achieve better returns for the public.

The Chancellor’s speech before City Grandees includes plans to give what a finance officer called “the information and support they need to invest in shares and shares” and to move away from the money savings.

Reeves has withdrawn From their original intention to announce in Mansion House, plans for the scope of tax relief for cash -ISAS -ISAS, a controversial step is to redirect in shares after a counter -reaction of construction societies and consumers.

Her allies say that these changes are “still on the cards”, but she feels that she needs more time to work on the proposal and gain the public argument for reforms.

In the meantime, Reeves Will start a campaign to support what former Prime Minister Margaret Thatcher described as “popular capitalism” with information and advice on the advantages of investments in shares and shares.

The city pulled in parallels to the 1986 television advertising from Thatcher -era to encourage the public to buy shares in the privatized British gas.

Under the relaxation of the regulations, an important reform belongs that enables companies to collect more money from questions of the secondary parts without having to publish a prospectus from plans to revive the United Kingdom Marking stock markets.

The Financial Conduct Authority, the British financial supervisory authority, said that the change was part of a package of measures to increase the risk that investors can respond to the government to promote economic competitiveness and economic growth.

“Investments are and should not be risk -free,” said the FCA, adding that his suggestions would enable “a higher risk appetite for investors”.

Companies listed in Great Britain may carry out subsequent stock problems worth up to 20 percent of their existing equity without having to go through the costly process of publishing a prospectus. The FCA said it would increase this to 75 percent from the beginning of next year – an estimated change would save companies 40 million GBP per year.

However, some banks fear that the FCA has gone too far and that investors have exposed. “We had triggered a lower increase in the current prospectus threshold, but we recognize that the FCA decided for 75 percent,” said Julie Shacklady, director of the Bank Lobby Group UK Finance.

The supervisory authority also said that they would help companies to go public faster by shortening the minimum time between a prospectus publication and a first public offer of six to three days.

Companies that have not been listed could sell more than 5 million GBP of shares or bonds outside of public markets without giving a brochure with a new platform for public offers, according to the FCA. It said that companies would find it easier to sell debts to retail investors from which the disclosure requirements for minor bond problems worth less than 100,000 GBP are reduced.

“These courageous shifts promote innovations, lower costs and enable a broader investor base for growing companies,” said Simon Walls, Executive Director Markets from FCA and added that the reforms were part of a broader shift, “from preventive checks to market information”.

Mortgear providers are encouraged to take more risks as part of the recent Bank of England and FCA, the Reeves, the Reeves. A new loan guarantee system as support of 10,000 other first buyers.

The Chancellor will say that the changes have made it possible to expand the company nationwide access to its helping mortgages for thousands of other people with an income of up to 30,000 GBP.

Reeves will determine some of her regulatory reforms in Leeds before her speech to the City Elite in London on Tuesday evening to see that the financial services industry promotes growth throughout the UK.

“I have put financial services at the center of the government’s growth mission,” Reeves will tell the city. She will say that this “promotes the investments in all sectors of our economy and put pounds into the pockets of working people”.