LONDON (Reuters) – British Prime Minister Keir Starmer has requested the nation’s regulators, together with monetary and competitors watchdogs, to take away obstacles to progress to revive a flagging economic system, Sky Information reported on Saturday .
Starmer wrote to greater than ten regulators – together with the Monetary Conduct Authority, the Competitors and Markets Authority and the vitality and water regulators Ofgem and Ofwat – on Tuesday asking them to convey ahead pro-government initiatives. progress in Downing Avenue by mid-January, Sky stated.
One of many recipients of the letter, additionally signed by Finance Minister Rachel Reeves, stated the precedence was unambiguously financial progress and funding.
Sky stated the Monetary Reporting Council, media regulator Ofcom, the Surroundings Company and healthcare regulators additionally obtained the letter.
Downing Avenue didn’t instantly reply to a Reuters request for remark.
Official figures final week confirmed the UK economic system did not develop within the first three months of the brand new Starmer authorities, including to indicators of a slowdown.
Enterprise teams additionally stated the tax improve within the authorities’s Oct. 30 finances would make it tougher for companies to take a position and recruit staff within the brief time period.
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