Drone delivery tests, fast medicines and higher contactless payment limits are disputed If Rachel Reeves tries to stimulate growth.
The Chancellor met regulators in Downing Street this morning while insisting on reducing the costs of bureaucracy for companies by fifteen minutes.
It announces a menu of 60 measures intended to reduce bureaucracy and encourage growth.
Those who are present are the Financial Conduct Authority, the Environment Agency, Natural England and the Health and Safety Executive.
Mrs. Reeves told the meeting that there is 'too much bureaucracy'.
“You know that the most important mission of this government is to grow the economy,” she said.
Chancellor Rachel Reeves met the supervisors this morning in Downing Street, while she pushes to lower the costs of bureaucracy for companies by fifteen minutes
'There are a number of things in the last ten years that have stopped growth, and one of them – if we are honest and you know better than anyone else – is the regulatory landscape.
'Too many overlapping regulations, too much bureaucracy, too slow to get things done. It is something that I and other ministers hear all the time. '
She said, “What we want to do in the future is to work more closely with you to unlock those things that stop investments.”
The conversations then came to Mrs. Reeves a new blow, in which the OECD reduction of the British growth opportunities for his year and the next one, because it warned of threatening price increases from Donald Trump's trade war.
Ministers are desperately looking for savings prior to the spring statement after data showing that the economy spoke with 0.1 percent in January.
The plans that are unveiled include the rapid following new medicines by allowing regulators to work together, helping international financial companies navigate into British regulations and make it easier to deliver packages per drone.
Other measures include the revision of contactless payment limits, simplifying the rules of the mortgage provider and helping start-ups to secure financing.
Ministers will also focus on the planning. They say that in the future, developers will be able to consult one environmental regulator instead of the scores for which they are currently forced.
Mrs. Reeves said: 'We take further action for free companies from the chains of the regulations. By cutting bureaucracy and creating a more effective system, we will stimulate investments, create jobs and put more money in the pockets of working people. '
At the end of parliament, it has promised a significant reduction in the number of supervisors to reduce overlap and duplication.
It comes after NHS England – called the largest Quango in the world – was canceled as part of the efforts to save costs and to stimulate economic growth.
Those present are the Financial Conduct Authority, the Environment Agency, Natural England and the Health and Safety Executive
Cabinet ministers will report to Mrs. Reeves with further suggestions in the summer.
Ministers will also promise to scrap another body – the regulator for community companies – that will become part of the House of Companies.
They will also reduce the legal
But claims that the plans will save 'billions' will sound hollow, with the invoice of the labor rights that only cost companies £ 5 billion.
