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The Guardian

Jeremy Hunt sets out sweeping reforms to financial sector


Chancellor says plans will ensure City ‘benefits from dynamic, proportionate regulation’

The chancellor has announced plans to reform and repeal a number of City regulations, including rules originally meant to protect the UK from another financial crisis.

Jeremy Hunt’s 30-point plan was announced as he travelled to Edinburgh to meet a group of chief executives from banks and insurers, who the government hopes will be in a stronger position to grow and compete with international peers as a result of the deregulation drive.

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