RACH'S £80BN BOOST

Reeves pension 'megafund' plan

- GRAHAM HISCOTT Head of Business and ASHLEY COWBURN

RACHEL Reeves said financial crisis era curbs have gone too far as she earmarked £80billion of pension funds to boost economic growth.

The Chancellor signalled lighter-touch regulation of financial firms following restrictions imposed after the 2008 banking meltdown.

Delivering her first Mansion House speech last night to City leaders, she said: "These changes have resulted in a system which sought to eliminate risk taking.

"That has gone too far and, in places, it has had unintended consequences which we must now address." have Some restrictions - such as a cap on banker bonuses already been lifted.

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