A Big Whimper

<p> The Treasury has unveiled its long-promised overhaul of financial regulation, but it's being described (by Bloomberg's Marcus Ashworth) as more of a "big whimper" than a Big Bang for the City. Our UK correspondent Lizzy Burden discusses the proposals with City Minister Andrew Griffith, and we get reaction from Chris Hayward, Policy Chairman of the City of London Corporation. Also in the show, our residential property reporter Damian Shepherd tells Bloomberg's Yuan Potts and Stephen Carroll about the latest figures on soaring cost of renting, and a shortage of student housing. </p><p>See <a href="https://omnystudio.com/listener">omnystudio.com/listener</a> for privacy information.</p>