UK finance firms are advocating for significant reforms to counter the growing influence of Wall Street, as concerns mount that the post-financial crisis regulations have overly constrained growth. The Labour Chancellor has stated that the crackdown on Wall Street following the financial crisis has gone too far, suggesting that these measures have stifled economic expansion. In a bold move, the Chancellor has pledged to eliminate excessive financial regulations, arguing that the rules implemented after the financial crash have hindered the UK's financial sector. Analysts have noted that the current approach to liberalizing the City may not effectively serve as a comprehensive growth strategy.