Government defends Edinburgh Reform progress

The Government has responded to criticism from the Treasury Committee on how the Edinburgh Reforms are progressing. Following the Government’s report in December (a year after it announced the reforms) that it had completed 21 out of the 31 reforms, the Committee said that in fact 6 of the actions had not been completed, while a further 6 were not really reforms.

The Government response updated on further progress, including its legislation for changes to the Digital Securities Sandbox, the new consolidated tape rules for bonds, the advice/guidance boundary consultation and the response on the digital pound consultation. It also said it could not progress the reforms faster than it is, as it needs to allow appropriate time for consultation and implementation.