the levelling up agenda? financial sector. you concern about the levelling up agenda? this - financial sector. you concern about| the levelling up agenda? this there is s - in the levelling up agenda? this there is spin today the levelling up agenda? this there is spin today that the levelling up agenda? this there is spin today that deregulation - the levelling up agenda? this there is spin today that deregulation willl is spin today that deregulation will free up the city of london. what is going to happen is, they are going to take our money on the money manage first, they will speculate on more risky activities. if it goes wrong the city will have banked it bonuses. i think what will happen in terms of levelling up is that the city will generate more profits, higher returns from more deprived areas of the uk. that is going to exacerbate inequality, rather than promote levelling up. exacerbate inequality, rather than promote levelling up. when jeremy hunt sa 5 promote levelli
let the city from british gas which says that if you are struggling with your energy bills, which sarah brown wasjust your energy bills, which sarah brown was just telling us she is, your energy bills, which sarah brown wasjust telling us she is, then your energy bills, which sarah brown was just telling us she is, then the british gas energy trust which is an independent charity can help no matter who your energy supplier is. the first step, says british gas, is to talk to your energy supplier if you are and read on to find out how we can help. that statement from british gas is on their website. sarah brown talking to us about her experiences and how hard she is finding it to keep her home one at the moment. the chancellor, jeremy hunt, has insisted his plans to shake up the regulation of the uk s financial sector do not mean he s forgotten the lessons of the 2008 financial crisis. mr hunt said his reforms would replace eu laws and cut red tape. but labour has warned
to wrexham today was to celebrate wrexham becoming wales s latest and seventh city. they will mark that celebration formally today. it is their second visit to wales since he became king earlier this year. a big occasion for the city after being made a city earlier this year. more on the overhaul of the financial overhaul being announced by the chancellor of the exchequer. he is preparing to announce those reforms to the banking industry. it is believed regulations will be loosened and swathes of eu laws brought in after the financial crisis are going to be repealed. let s listen tojeremy hunt. i m crisis are going to be repealed. let s listen to jeremy hunt. i m in edinbur: h let s listen to jeremy hunt. i m in edinburgh to let s listen to jeremy hunt. i m in edinburgh to launch let s listen to jeremy hunt. i m in edinburgh to launch one -
on what he calls our brexit freedoms to create a more agile, home grown regulatory regime to help businesses flourish. but there are those in the city who fear unpicking those safety nets, carefully constructed after the financial crash, might create a more risky climate once more. this is an extremely worrying package of measures which, in effect, rolls back many of the protections that were put in place after the global financial crisis and undermines the independence of regulators by turning them into cheerleaders of the financial system instead of watchdogs. and taken together, this can only make future financial crises much more likely to happen. labour has warned the government not to engage in a regulatory race to the bottom, but the chancellor said the post 2008 guardrails will not be removed and insists these reforms can generate billions of pounds to benefit us all. our business correspondent marc ashdownjoins me. how much of all of this is the result of brexit? i
behind us as soon as possible. was corru tion behind us as soon as possible. was corruption involved in the awarding of those ppe contracts? you re like i am not familiar with what happened, but what i do know is that there was a national emergency to source ppe for doctors, nurses, care home workers up and down the country, and the company would not have forgiven ministers if they hadn t done everything they can. the decisions as to who got those contracts were not bade my ministers, they were made by independent civil servants. jeremy hunt is talking about the overhaul of financial regulation in the uk, the biggest overhaulfor of financial regulation in the uk, the biggest overhaul for three decades. now it s time for a look at the weather with hello. it was a bitterly cold start to the day we had temperatures as low as minus nine degrees. and it s only been warming up very slowly with that cold air mass in place. this was the scene in cumbria