Rachel Reeves is to impose net zero mandates on the City despite pledging to rip up red tape and relax rules she believes are holding back the economy.The Chancellor has written to City regulators, including the Bank of England,

The Chancellor used her first Mansion House address to say that measures brought in since the finacial crisis in 2008 to 'eliminate risk' have had 'unintended consequences' in holding back growth

Chancellor tells the City she is “clear that the financial services sector must play a central part in our economic vision and our plan for economic growth. “

I’ll ease banking regulations - Chancellor pledges to lift banking regulations to boost growth as she launches fightback against criticism of her Budget

The Chancellor, in her first Mansion House speech tonight, will say rule changes in the wake of the global banking meltdown were 'right'.