Reeves steps up pressure on UK regulators to scrap anti-growth rules

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Financial Times 1d ago

Reeves steps up pressure on UK regulators to scrap anti-growth rules - Financial Times

Quick Summary:

In her Mansion House speech in November, the chancellor told watchdogs: “The UK has been regulating for risk, but not regulating for growth.

Reeves argues that while Labour will not shy away from necessary new rules, it believes regulators must look at the existing rule book and adopt a completely new culture regarding risk.

CBI chair Rupert Soames on Monday said business was “bruised” by government policies and new employment regulations would hamper growth and cause job losses.