Rachel Reeves to order an audit of 130 regulators in the UK in an effort to reduce bureaucracy
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Chancellor Rachel Reeves should be told to the Cabinet ministers to complete a complete revision of the British 130 or more regulators to ensure that they work to increase growth, including watching whether some should abolish.
Reeves She promised higher bankers to want to go further in cutting the bureaucracy, as ministers openly speculate on the residence of the regulatory landscape of the country.
“They are deadly serious about regulating and it seems that the battle with Blob is Galvanized,” said one person who met last week at a meeting between Reeves and the Bank Britain’s bosses.
The person said that the chancellor wrote to the Cabinet ministers to remind them to inspect all the regulators acting in their area and whether they were “configured to stimulate growth”.
Reeves allies have confirmed that they will ask ministers to view the work of about 130 regulators, covering areas, including FinancingFisheries, doctors and drinking water.
Reeves and Prime Minister Sir Keir Starmer wrote the 17 most powerful regulators on Christmas Eve, asking them to know what they are doing to promote growth.
But the chancellor now wants to see the ministers in detail every regulator, as the discussion begins in Whitehall about whether any guards should be requested.
Reeves said last month at the World Economic Forum in Davos that so many regulators “adds the loads that overlap with which companies face” and said that every guard had a “role in suppressing regulatory obstacles that refrain from growing growth.”
Meanwhile, Jonathan Reynolds, Business Secretary, has hinted Closing or connecting some guards bodies: “We need to ask the question: Did we get the right number of regulators?”
Reynolds last month forced the resignation Marcusa Bokkerkink, Chairman of the Competition and Market Directorate, signals that ministers want regulators to actively promote growth.
Bank bosses at last week’s meeting said the atmosphere was “very positive” and that Reeves seemed determined to simplify regulation.
The list of regulators in the UK starts from Behemota such as the Financial Behavior Commission and the quality of care quality to smaller bodies such as Wales Natural Resources, the Forensic Science Regulator or the Administration of the Security Industry.
Reeves desperately needs growth to return to the British economy, but she has been criticized Some consumer and environmental groups to choose some protection that regulators offer.
The treasury said: “We have regulated the risk for too long, not growth, and that is why we collaborate with regulators to understand how reforms can start economic growth.
“We reinstate our access to regulation, maintaining high international standards and protecting consumers, while we will implement the reforms needed to support growth and investment, including to allow more informed and more responsible risk.”
