Campaigners are concerned about the deregulatory measures despite the new financial reforms aiming to raise investment in low carbon infrastructure. The government’s “Edinburgh Reforms” package, which includes over 30 regulatory changes for the financial services industry, is referred to as such because it contains their goal of “unlocking investment and accelerating growth in towns and cities across the UK.”
Today, Chancellor Jeremy Hunt outlined a comprehensive set of financial reforms that will:
- Repeal EU directives
- Improve the UK’s competitiveness
- Increase financial support for the move toward net zero
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