Rachel Reeves summons regulators to No 10 in drive for cuts to red tape
- Chancellor Rachel Reeves summoned regulators to Downing Street to discuss cutting red tape and regulatory costs, aiming to boost economic growth.
- A meeting was held at Downing Street with regulators to discuss cutting regulatory costs, as announced by Chancellor Rachel Reeves.
- Reeves aims to reduce regulatory costs by a quarter, and business leaders have welcomed the reforms, expecting a 25 percent reduction in regulatory expenses to aid investment and economic growth.
45 Articles
45 Articles
Labour Unveils ‘Radical’ Regulatory Overhaul to Boost Investment
The government has announced a “radical” overhaul of UK industry regulation, to include scrapping some regulators, easing some environmental planning restrictions and streamlining funding applications for entrepreneurs. Currently there are over 100 regulatory bodies in the UK. Official data shows that in 2023-2024, 17 regulators has a gross annual expenditure of £5.4 billion. Labour wants to simplify regulation and cut administrative costs for b…
Is the football regulator next? Minister refuses to confirm if plans still going ahead amid drive to slash red tape
A minister has refused to confirm if an independent football regulator will still be set up, amid a drive to cut red tape and cut the cost of regulation.
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