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UK government should articulate risk tolerance, former City Minister says

By Phoebe Seers and Sofia Gerace ( February 28, 2025, 09:01 GMT | Comment) -- John Glen, the UK's former City Minister, has come to the defense of regulators and businesses, arguing that the government and consumers need to bear more responsibility. The government should articulate how much risk it's prepared to accept in the pursuit of growth, while consumers need to take more responsibility for their decisions, Glen said in an interview, citing the car-finance scandal and fraud-reimbursement regime as examples. He described the government's growth agenda as a continuation of the work he got underway post-Brexit, and said there isn’t a sort of “Big Bang” easy win, because if there were, he would've done so by now.John Glen, the UK's former City Minister, has come to the defense of regulators and businesses, arguing that the government and consumers need to bear more responsibility....

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