UK Business

Why the new government is staying silent about the City – it won’t get tough on the UK’s financial sector anytime soon

Written by Alan Shipman, Senior Lecturer in Economics, The Open University

The financial sector contributes huge amounts to the UK economy.Sven Hansche/Shutterstock

Rachel Reeves’ first speech as the UK chancellor highlighted the financial constraints the new Labour government faces. With taxes already at a 70-year high in relation to national income, she repeated the pledge of no increases in national insurance,...

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