UK Burnham govt continues pro-City agenda
Analysis based on 6 articles · First reported Jul 24, 2026 · Last updated Jul 24, 2026
The continuity of pro-growth financial services regulation under the new UK government is expected to maintain investor confidence and support the banking sector. The retention of key Treasury ministers signals stability, reducing uncertainty for financial markets.
Britain's new government under Prime Minister Andy Burnham intends to preserve the previous administration's pro-growth approach to the financial services sector, including regulation, according to a person familiar with the matter. The government will keep pushing the Financial Services Growth and Competitiveness Strategy set out by Keir Starmer's team and a reform bill making its way through parliament. New finance minister John Healey has retained several Treasury ministers who served under former finance minister Rachel Reeves, signaling continuity. Reeves had announced measures to boost the finance sector, including changes to bank separation requirements and a plan to encourage stock investing. The UK Finance industry association welcomed the reforms, and KPMG noted that financial services leaders remain broadly confident in the government's strategy.
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