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Tax Cuts Top City of London’s Wishlist for Kwarteng Mini-Budget

Sept. 22, 2022, 8:30 AM

The new UK government says it’s eager to dismantle swathes of the rules placed on bankers in the aftermath of the global financial crisis. It wants to supercharge the City of London’s growth, arguing it will boost the whole country’s post-Brexit prospects.

Kwasi Kwarteng, the new chancellor of the exchequer, has indicated a desire to be bold, telling City of London bosses in one of his first events after taking office that he wanted to create a Big Bang 2, referring to the deregulation of the 1980s. He will give more details on Friday in what’s being described ...