The UK's Financial Conduct Authority (FCA) is considering simplifying the stringent lending regulations introduced following the 2008 financial crisis. This move could potentially make it easier for individuals to obtain loans. The FCA's decision comes shortly after the prime minister urged all UK regulators to explore ways to enhance economic growth. The authority is assessing whether the current rules are overly restrictive, citing the low rates of missed repayments and home repossessions as a basis for this reconsideration.
You can read more about this on Sky News.
