Nadhim Zahawi has promised to repeal hundreds of pieces of EU finance law on UK statute books, part of government push to deregulate the City of London in a post-Brexit “Big Bang”.
The chancellor told the annual Mansion House bankers’ dinner that he wanted to replace Brussels rules with a more “agile approach” to financial regulation.
Mr Zahawi confirmed that the financial services bill will be introduced in parliament on Wednesday – claiming it would “unleash growth” in the banking sector.
