Rachel Reeves summons regulators to No 10 in drive for cuts to red tape
A group of industry regulators will meet with the Prime Minister on Monday to discuss how to help accelerate economic growth.
Rachel Reeves is expected to use the meeting to outline more details on cutting the costs of regulations, including environmental measures, and eliminate some bodies all.
Her actions were taken from this when the government tried to reduce bureaucracy and followed Prime Minister Sir Keir Starmer’s announcement last week that it would abolish NHS England.
The Conservatives said Labor’s taxes and union-trade tape festivals are hurting growth and called on Reeves to develop a “real plan.”
Eight regulators, including Natural England and the Environment Agency, will meet with the Prime Minister on Monday.
“Today, we are taking further action to free businesses from the shackles of regulations,” Reeves said. “By cutting down on the traditional Chinese tape festival and creating a more effective system, we will promote investment, create jobs and invest more money in the pockets of workers.”
The meeting was after the government abolished the government of England, The world’s largest Quango – Abbreviation of last week’s quasi-autonomous NGO.
“Regulators must work for the people … not to hinder progress,” the government said in a statement on Monday.
Changes expected to be announced include streamlining the environmental regulatory process for major projects, including Thames crossing (complying with program approvals) and future environmental regulatory processes such as Heathrow Airport expansion.
Environmental guidance, including hundreds of pages of bats, is expected to be reviewed, while environmental permits for certain low-risk and temporary projects will be removed.
The plan is accompanied by 60 measures agreed by observers, “after weeks of intense negotiations” to make it easier to do business in the UK.
These measures include:
- Quickly track new drugs through pilots to provide parallel authorization from healthcare regulators
- Review the £100 cap for individual contactless payments
- Simplify mortgage rules to make it easier to re-mortgage with new lenders and reduce mortgage terms
- Establish a “concierge service” to help international financial services companies navigate regulations
- The Civil Aviation Administration allows at least two large drone trials to be delivered in the next few months – the government says this has reduced travel time for blood samples between hospitals, from 30 to two minutes
In repealing England’s NHS last week, politicians said they wanted to “abolize duplication and provide more power and tools for local leaders” so they could better deliver to the community.
Health Secretary Wes Streeting said the move was “start but not end” and he wanted to reduce the swollen bureaucracy, which means more Quangos could go.
The government has announced plans to pour another Quango (the payment system regulator) into the financial conduct authority.
Reeves will announce the cancellation of the third — a regulator of community interests companies that will be folded into a company’s home.
The Prime Minister has pledged to significantly reduce the number of regulators by the end of Parliament.
Shadow Minister Mel Stride said Labor’s taxes and union traditional tape festival prevented businesses from focusing on growth.
“Rachel Reeves is nine days away from the emergency budget and the Conservatives are calling on her to develop a real growth plan,” Starid said.
Dr. Roger Barker, Director of Policy at the Institute of Directors, said, “It is appropriate for the government to rebalance its approach with its core pro-business orientation because “compliance with IOD members that comply with the enormous regulations is one of the main factors that negatively impact businesses.” ”
