Excellent Plan.

Brexit LIVE: UK to unlock 'tens of billions' in major 'big bang' escape from EU chokehold.

BREXIT Britain has launched a consultation that could unlock 'tens of billions' of pounds in infrastructure and replace EU legislation.

By FRANCESCA EDWARDS

07:36, Thu, Apr 28, 2022  | UPDATED: 11:12, Thu, Apr 28, 2022 . Express.

The consultation by Chancellor Rishi Sunak was announced this morning with the hope of making it easier to invest in long-term infrastructure and attract new insurers.

It will replace the EU's Solvency II rules and aim to unlock what Boris Johnson calls an "investment Big Bang".

Financial services minister, John Glen said: "Our reforms will unlock tens of billions of pounds of investment in the UK economy, spur innovation in the market while protecting policyholders – and will cement the UK’s position as a global hub for financial services."