Government Growth Plan heralds role of financial services

The Government’s new Growth Plan announced on 23 February highlights the importance of the financial services sector and, specifically:

  • a plan to scrap bankers’ bonus caps;
  • the need to scrap much of Solvency II; and
  • the plan to consult later in the autumn on an “ambitious deregulatory package” including the plan for repealing EU financial services laws and replacing it with rules tailor-made for the UK.

Emma Radmore