The British Chancellor to meet with the regulators on Monday to announce the « action plan » to cut the red tape.
The UK Labor Party government announces a « radical shaking » of the bureaucracy to cut off the administrative costs of companies in a quarter.
The British Chancellor of Exchequer Rachel Reeves will meet with the regulators on Monday to announce the « action plan » to cut the red tape, said the treasury of his majesty on Sunday in a statement.
According to the Plan, the Government will reduce the number of regulators, streamline the implementation of environmental regulations for important projects and reduce the « expensive red tape », including hundreds of targeting orientation pages.
The shake comes with 60 measures that the regulators have agreed to improve the business environment, including rapid monitoring of new medicines in the market and simplifying the mortgage loans rules, the treasure said.
« Cutting the red ribbon and creating a more effective system, we will increase the investment, create jobs and put more money in the pockets of the people, » said Reeves.
Reeves announcement days comes after Prime Minister Keir Starmer undertaken to undertake reforms to review the « puzzling and unpleasant state » in the United Kingdom.
Last week, Starmer said he would write the body that oversees the state -funded health service of England, and would abolish the payment regulator folding his test to the main financial watchman in the country.
Starmer’s labor government was Chosen in July At the back of a commitment to begin economic growth and increase living standards after years of stagnation and decline.
After sweeping in power in a landslide, Starmer quickly supported as his government struggles to find savings while increasing growth.
In an IPSOS survey published last month, 48 percent of the British said that the government is doing a bad job to run the country, while 49 percent said that its economic plans would have a negative impact.
The economy of the United Kingdom reduced 0.1 percent, after growing 0.4 percent in December and 0.1 percent in November.
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