Key facts
- Conservative leader Kemi Badenoch will outline plans to make the UK 'investable'.
- The initiative aims to boost the UK's financial services sector.
- Key proposals include scrapping ringfencing, slashing capital requirements, and abolishing the financial ombudsman.
- Badenoch argues these reforms will move away from regulations that have stifled the sector since 2008.
- Reducing borrowing is identified as crucial to avoid reliance on bond markets.
Conservative leader Kemi Badenoch is set to unveil a series of policy proposals aimed at revitalizing the UK's financial services sector and making the country more 'investable'. The plans, which include scrapping ringfencing, slashing capital requirements, and abolishing the financial ombudsman, are intended to move away from regulations that have stifled the sector since the 2008 financial crash. Badenoch argues that reducing borrowing is essential to avoid over-reliance on bond markets. The timing of these proposals comes as relations between the current Labour government and prominent business figures have reportedly soured due to successive tax grabs and increased red tape, creating a political vacuum Badenoch aims to fill.