<ul data-eligibleForWebStory="false"><li>Rachel Reeves advocates cutting red tape for City firms to benefit British households.</li><li>Chancellor set to announce significant financial regulation reforms, aiming for economic growth.</li><li>Critics warn against deregulating City due to risks highlighted by the 2008 crash.</li><li>Further changes include mortgage rules loosening to aid first-time buyers, with mixed reactions.</li><li>Reforms also target senior managers regime and corporate transparency rules to boost investment.</li></ul>

Reeves to say cuts to City red tape will bring trickle-down benefits to households

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