Finance bosses ‘optimistic’ about Labour plans to cut red tape, survey finds
1 week, 2 days ago

Finance bosses ‘optimistic’ about Labour plans to cut red tape, survey finds

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Finance bosses are optimistic about Labour’s plans to cut regulation across the sector, according to a survey, with more than half saying they plan to hire faster in 2025. The sector goes into the new year with optimism about growth and profitability, coupled with strong intentions around hiring Karim Haji, KPMG's head of financial services She said in a Mansion House speech that regulatory changes after the 2008 economic crash have “gone too far”. Mr Haji added that finance bosses would want “more details on the Government’s competitiveness strategy to really understand how the Chancellor is proposing to work with them” in 2025. “However, the sector goes into the new year with optimism about growth and profitability, coupled with strong intentions around hiring.”

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