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Government finds there is no free lunch on growth-boosting City reforms

The holy grail of a low-cost change that gives an instant economic hike may be fantasy

By David Wighton
The City will be delighted if Kwarteng relaxes the fee cap and Solvency II. How much this will stimulate economic growth is less clear
The City will be delighted if Kwarteng relaxes the fee cap and Solvency II. How much this will stimulate economic growth is less clear Photo: Getty Images

David Wighton is a columnist for Financial News

This might just be the best time in living memory to be a City lobbyist. The government’s attitude to finance has changed so dramatically in the space of a few weeks that almost anything on the City’s wish list of reforms now seems possible. As long as it doesn’t cost the Treasury any money.

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