Back-slapping bankers will be thick on the ground in the Swiss ski resort of Davos this week, as Rachel Reeves flies in to mix with the global elite. But she might be wise to treat the finance bros with a certain froideur. That has not been Labour’s approach thus far: Reeves spared the banks from a windfall tax in her 26 November budget, and the UK’s regulators have just loosened capital rules, for the first time since the financial crisis. Back in the summer, bank share prices ticked down after the Labour-leaning Institute for Public Policy Research (IPPR) recommended an
UK could become Trumps poodle if it fails to invest in defence, Badenoch warns
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