2
Not Addressed
Economic growth best promoted by a strong, well-regulated, resilient financial services sector.
Conclusion
The Sub-Committee agrees with the Treasury that the UK’s regulators should consider economic growth when designing new regulations, and the best way to promote economic growth in the UK is through a strong, well respected, independently regulated, and financially resilient financial services sector.
Government Response Summary
The government's response rejects any suggestion that its reforms will not significantly impact the economy or could be delivered faster, affirming confidence that its current wide-ranging package is promoting growth and competitiveness, but it does not directly address the committee's supportive conclusion.
Paragraph Reference
18
Government Response
Not Addressed
Government Response
Not Addressed
HM Government
Not Addressed
I particularly reject any suggestion that the reforms will not have a substantial impact on the UK economy and the competitiveness of the UK financial services sector, or that the reforms could be responsibly delivered any faster than they are progressing. ... While of course some specific measures will have a bigger economic impact than others, this wide-ranging package has been welcomed by the industry, and I am confident that the reforms are promoting growth and competitiveness the financial services sector.
Source
Committee
Treasury Committee
Inquiry
The Edinburgh Reforms
Report
Second Report - Edinburgh Reforms One Year On: Has Anything Changed?
08 Dec 2023
HC 221
Addressee Bodies
HM Treasury
Timeline
Recommendation age
2.6 yrs
Report published
08 Dec 2023