Burnham signals continuity for City of London financial agenda

The new administration intends to uphold the Financial Services Growth and Competitiveness Strategy, a framework originally championed by Keir Starmer’s team. Plans include continuing the progression of a reform bill currently moving through Parliament, ensuring the legislative pipeline remains undisturbed by the change in leadership.

This policy path mirrors the priorities established by former finance minister Rachel Reeves, who pushed to pivot the regulatory climate toward stimulating investment. Central to this agenda are initiatives aimed at modernizing banking requirements—specifically those governing the separation of retail and investment activities—alongside efforts to incentivize individual savers to allocate more capital into equity markets.