FT News Briefing What deregulation means for the UK economy
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Jul 22, 2025 JPMorgan Chase dives into the world of cryptocurrency lending, revealing intriguing opportunities. The UK faces a hefty bill to join the EU's defense fund, raising questions about economic commitments. Chancellor Rachel Reeves criticizes past regulations for stifling growth, advocating for a deregulated financial landscape. A groundbreaking startup claims to have cracked the code for nuclear fusion gold production, though safety concerns loom large. The podcast navigates the complexities of these economic shifts with sharp insights.
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JPMorgan Embraces Cryptocurrency Lending
- JPMorgan Chase is considering lending against cryptocurrencies as Bitcoin hits record highs.
- This marks a notable shift as JPMorgan's CEO once called Bitcoin a fraud, reflecting growing acceptance of crypto.
UK-EU Defense Fund Cooperation Complex
- The UK can join the EU's defense fund but must pay a fee proportional to contracts UK companies secure.
- This reflects ongoing complex and zero-sum UK-EU post-Brexit relations despite shared defense interests.
UK Deregulation Push Is Marginal
- UK Chancellor Rachel Reeves argues post-crisis regulation went too far and is pushing deregulation to spur growth.
- Proposed changes are marginal and unlikely to deliver transformational revival in the UK financial services sector soon.