LONDON (Reuters) -Britain set out on Friday the next leg of its post-Brexit shake up of the City in a bid to attract more investment to a cash-strapped economy by making it cheaper and easier for companies to tap shareholder funds. Britain has already begun easing its financial rules under the "Edinburgh Reforms" to compete better with New York, and with European Union financial centres. The Financial Conduct Authority on Friday proposed setting up a new Public Offers and Admissions to Trading Regime (POATRs) to replace the existing system of companies publishing a prospectus when they want to sell more shares on the stock exchange.
Ed Miliband has appointed a former Siemens executive and leading critic of Brexit to run the new state-owned power business Great British Energy.