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The UK government is recruiting a senior civil servant to lead negotiations with the EU, signaling a commitment to improving post-Brexit relations. This follows Prime Minister Keir Starmer's efforts to reset ties with Brussels amid concerns over potential US tariffs after Donald Trump's election victory.
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The Financial Conduct Authority (FCA) is under scrutiny as regulators push for reduced rules to stimulate growth. Consumer advocates warn that prioritizing growth could harm consumer protection. Recent reports criticize the FCA's competence, while the regulator defends its actions amid rising financial crime prosecutions.
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Chancellor Rachel Reeves attended her first Eurogroup meeting in Brussels, aiming to reset the UK's relationship with the EU post-Brexit. While she emphasized the need for closer economic ties, she reaffirmed Labour's red lines against rejoining the single market or customs union. Negotiations are set to begin in the new year.