Natwest chief: UK ‘closer to start than finish line’ on regulation mission

Natwest CEO Paul Thwaite stated that the UK's regulatory overhaul mission is still in its early stages, despite recent progress. He praised the government's efforts but warned of necessary trade-offs in reducing red tape. Thwaite highlighted the positive impact of mortgage reforms and emphasized the need for international competitiveness in UK financial services. He expressed cautious optimism about the Budget and noted the importance of business investment and consumer spending as indicators of success.