UK financial regulators in retreat after pressure from Starmer

Q: How long will it take to read this news story?

The story "UK financial regulators in retreat after pressure from Starmer" has 1027 words across 30 sentences, which will take approximately 5 - 9 minutes for the average person to read.

Q: Which news outlet covered this story?

The story "UK financial regulators in retreat after pressure from Starmer" was covered 13 hours ago by Financial Times, a news publisher based in United States.

Q: How trustworthy is 'Financial Times' news outlet?

Financial Times is a fully independent (privately-owned) news outlet established in 1888 that covers mostly markets, finance, and investing news. The outlet is headquartered in United States and publishes an average of 15 news stories per day. It's most recent story was published 12 hours ago.

Q: What do people currently think of this news story?

The sentiment for this story is currently Neutral, indicating that people are not responding positively or negatively to this news.

Q: How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.<ul><li>News ID: #26926541</li><li>URL: https://beamstart.com/news/uk-financial-regulators-in-retreat-17418065491154</li></ul>

Financial Times 13h ago

UK financial regulators in retreat after pressure from Starmer - Financial Times

Quick Summary:

Confronted by an onslaught of government calls for them to support economic growth, regulators have been forced on to the back foot.

This is being cheered in the City, where executives often complain about excessive regulation, but it also raises concerns of watchdogs losing focus on their core objectives to protect consumers and guard against a financial crisis.

There are also doubts over whether this week’s moves represent the start of a major deregulatory drive to boost growth by unlocking the City’s animal spirits, or if the government is merely tackling the most obvious targets without doing much to benefit the economy.