Starmer Plans to Leave Scrutiny of Shein IPO to UK Regulator.

The UK government plans to let the Financial Conduct Authority oversee Shein's potential IPO in London, avoiding a detailed review of the company's labor practices. Shein, a Chinese fast-fashion retailer, has faced allegations of using forced labor in Xinjiang, which it denies. While some lawmakers urge increased scrutiny, the government believes the FCA can handle any concerns. Prime Minister Keir Starmer emphasizes the importance of high standards and workers' rights in the process. [Extracted from the article]