Should the UK relax bank ring-fencing rules?

Treasury minister said he hopes to ‘boost competitiveness’ in the City with easing of regulations

Canary Wharf, London
Banks could receive a boost with an easing of ring-fencing
(Image credit: Chris Ratcliffe/Bloomberg via Getty Images)

The UK government could relax ring-fencing rules on banks to attempt to boost the sector and ignite a “big bang” in financial services.

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Richard Windsor is a freelance writer for The Week Digital. He began his journalism career writing about politics and sport while studying at the University of Southampton. He then worked across various football publications before specialising in cycling for almost nine years, covering major races including the Tour de France and interviewing some of the sport’s top riders. He led Cycling Weekly’s digital platforms as editor for seven of those years, helping to transform the publication into the UK’s largest cycling website. He now works as a freelance writer, editor and consultant.