Conservatives Propose Removing Diversity Targets from City Boards
Update: 2025-11-13
Description
On November 13th, the Conservative party proposed a new policy to eliminate diversity targets in City boardrooms, aiming to reduce red tape for financial institutions. The plan, announced by Shadow Chancellor Sir Mel Stride, would prevent regulatory bodies from introducing new diversity rules and repeal existing regulations. The party also plans to free City firms from complying with diversity and inclusion rules, arguing they increase compliance costs. This proposal comes amidst a broader shake-up at regulatory bodies, with a focus on streamlining business regulations and boosting UK growth.
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