While no surprise, Rachel Reeves' comment to a meeting of Private Equity bosses, that 'I want to take out more regulators; we have still got too many', give us a clear indication of who's side she's on;

she's labouring (pun intended) under the presumption that regulations have just appeared for no apparent reason;

actually for the most part, regulations exist due to past malfeasance by corporate entities - and that's what they want rid!

She's dangerously naive!

#economics #regulation

h/t FT