Last month, Rachel Reeves gave her first Mansion House speech, an annual address targeted toward the financial services industry that is delivered by the Chancellor of the Exchequer of the day. Inside the imposing Palladian building, Reeves spoke of the potential of the sector and the crucial role it would play in Labour’s plans to return the British economy to regular growth. The Chancellor told attendees how her first budget, delivered two weeks previous, was designed to “wipe the slate clean” and to provide economic stability. She spoke of the tough choices, undoubtedly a nod to the rise in national…

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