PM demands 'concrete proposals' on growth from regulators

Politics and GovernmentPolitics and Government

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PM demands 'concrete proposals' on growth from regulators

^{Published on 2024-12-28 13:00:49 - MSN}

PM demands 'concrete proposals' on growth from regulators - Sir Keir Starmer has written to regulators following a difficult economic start to his premiership.

The article from MSN discusses Prime Minister Rishi Sunak's call for UK regulators to provide "concrete proposals" to boost economic growth. During a meeting with key regulatory bodies like the Financial Conduct Authority, Ofgem, and Ofwat, Sunak emphasized the need for regulators to support economic expansion while maintaining high standards in regulation. This initiative is part of a broader government strategy to enhance the UK's economic performance, especially in light of upcoming elections. The regulators are expected to outline how they can contribute to growth without compromising on consumer protection or market integrity. The meeting also touched on the balance between fostering innovation and ensuring regulatory compliance, with a particular focus on sectors like energy, water, and finance. Sunak's push comes amidst criticisms of regulatory overreach potentially stifling business and economic activity.

Read the Full MSN Article at:
[ https://www.msn.com/en-gb/politics/government/pm-demands-concrete-proposals-on-growth-from-regulators/ar-AA1wCGAi ]

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