Reform UK could strip FCA of power to regulate banking if elected

Published 2 days ago
Reform UK could strip FCA of power to regulate banking if elected

Nigel Farage reportedly plans to overhaul rules governing City of London that were introduced after 2008 financial crash

Nigel Farage could strip the City watchdog of its power to regulate the banking industry under a sweeping overhaul to undo changes made after the 2008 financial crisis if Reform UK was elected to government.

The leader of the party at the top of opinion polls has said he wants to prepare for the potential for an early general election in 2027.

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Reform UKPoliticsUK newsEconomicsBusinessNigel FarageFinancial Conduct AuthorityFinancial sectorBankingRegulators

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