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UK Regulator Sounds Alarm on Deregulation Risks to Consumer Protection

MSN

The UK's finance regulator has cautioned the government that its push for reduced regulation to boost economic growth may lead to increased risks, resulting in more business failures and harm to consumers. This approach, aimed at stimulating growth, may compromise consumer protection and financial stability. As the regulator takes greater risks, it may expose businesses and individuals to potential financial harm, emphasizing the need for a balanced approach to deregulation. Key concerns include consumer protection, financial stability, and economic growth.