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 is unveiling a shake up of Britain’s financial services sector and regulation to promote growth and prevent the City’s decline as a global financial centreSpeaking at the Mansion House - the Lord Mayor of London’s official residence - in the heart of the Square Mile,

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

Rachel Reeves wants to amalgamate 86 local government pension schemes into a handful of “megafunds” worth £360billion which will be encouraged to invest more money in the shares of UK companies. The Labour Chancellor outlined her pensions shake-up in last night’s Mansion House speech.

Chancellor Rachel Reeves plans to merged dozens of council pensions schemes into much larger schemes. Some experts have warned 'big isn't always beautiful'.

In her first Mansion House speech as Chancellor, Rachel Reeves announced plans for megafunds which she said could unlock £80 billion for investment.