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UK financial services spend £34 billion annually on regulatory compliance

( November 5, 2025, 14:51 GMT | Official Statement) -- MLex Summary: UK financial services are spending almost £34 billion per year to comply with Britain's regulations, a report from TheCityUK and PwC has found. The report, published on Wednesday, also said that the true cost of compliance is underestimated by most firms and that high compliance burdens risk diverting investment away from innovation and new products. “Regulatory compliance will always represent a cost of doing business, but it doesn't need to be a drag on Britain's growth and competitiveness," said Miles Celic, chief executive of TheCityUK.Report is attached....

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