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

Rachel Reeves unveils "pro-growth" shake-up of excessive City regulation and red tape - 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.

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

Finance minister Rachel Reeves on Thursday promised a reboot of regulation governing Britain's "crown jewel" financial industry which she said has shackled the City's global prospects since the global financial crisis and stifled UK economic growth.