Stephen Carroll

With the help of one of our 3,000 journalists and analysts across the globe.

When people buy EVs, they generally are quite happy with them.

Here's why AI isn't taking your job yet.

Subscribe to Here's Why today, wherever you get your podcasts.

We're going to turn back to the UK now.

The Chancellor, Rachel Reeves, has cancelled a planned speech at the London Stock Exchange this morning.

She was due to attend an address from Downing Street from the Prime Minister instead.

But she was due to mark the introduction of new rules for raising capital on London's markets, aimed at making them more competitive.

It's been dubbed a new golden age for the city.

Joining us now to discuss Simon Walls, who's the Executive Director for Markets at the Financial Conduct Authority.

Simon, good morning.

Good to see you.

in studio today.

Talk us through then the changes coming into force from today.

This is about cutting red tape.

What is the metric that you're judging the success of these changes?

Is it the number of IPOs in London?

The FCA has talked about the dialing up risk, meaning that more things will go wrong.

What kind of things are you preparing for?

And when does the risk cross a red line for you when you're thinking about changes to regulation?