Economic news
BoE says it is open to discussing more pro-growth measures with UK government
2025.01.20 08:23
LONDON (Reuters) – The Bank of England (BoE) is open to discussions with Britain’s government about ways to help boost economic growth by changing rules for the financial services industry, Deputy Governor Sam Woods said on Monday.
In a letter to Prime Minister Keir Starmer, Woods said the BoE was already working on five areas that could help the government’s pro-growth programme and it was open to other changes, including the creation of a “concierge service” for foreign investors, paring back the BoE’s regulatory principles and avoiding overlap of governance and disclosure requirements.
