Tuesday newspaper round-up: Rachel Reeves, electric cars, Marks & Spencer

(Sharecast News) - Rachel Reeves will claim that cutting red tape for City firms will have trickle-down benefits for households across Britain, as she tries to drum up support for a new financial services strategy. A raft of regulatory reforms are due to be announced by the chancellor on Tuesday, in what the Treasury says will be the "biggest financial regulation reforms in a decade". It will come before her Mansion House address to City bosses during a dinner at Guildhall in London on Tuesday evening. - Guardian

Buyers of new electric cars priced at less than �37,000 will be able to get a discount of up to 10% under a new UK government scheme, a move that may benefit some cheaper Chinese models but leave Tesla fans still having to pay the full price. The Department for Transport has reintroduced a grant, which had been scrapped in June 2022, to encourage more drivers to switch from petrol and diesel to electric vehicles. - Guardian

Rachel Reeves will pave the way for a new era of risky lending in a push for growth that watchdogs fear could end in more people losing their homes. As part of her Mansion House announcement, the Chancellor will hail the biggest mortgage shake-up in a decade to boost homeownership and cut red tape. - Telegraph

Marks & Spencer is taking its famously dependable underwear down under with the launch of its first international wholesale fashion deal. The British retailer has agreed to sell a selection of its bestselling lingerie, womenswear and menswear in 24 David Jones department stores across Australia, including Sydney and Melbourne, as well as online. - The Times

A Bradford-based stairlift company has paid its tycoon founder a near �45 million dividend, bringing total payouts to �300 million over a little more than a decade. Acorn Mobility Services, which is based at a business park near the West Yorkshire city, was founded by John Jakes in the early 1990s and has been lifted by a rise in sales to the elderly and the immobile from an ageing population in Britain, as well as expansion overseas. - The Times