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Starmer throws down gauntlet to watchdogs to cut red tape and help kickstart economy

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Starmer throws down gauntlet to watchdogs to cut red tape and help kickstart economy - Critics accused the prime minister of chasing a 'regulatory race to the bottom' and urged him to pursue closer ti
Keir Starmer, the Labour Party leader, has challenged regulatory bodies to reduce bureaucratic obstacles to stimulate economic growth in the UK. In his speech at the Resolution Foundation, Starmer criticized the current regulatory environment for stifling innovation and economic progress. He proposed a new approach where regulators would be encouraged to take a more proactive role in supporting businesses, particularly in sectors like finance, energy, and technology. Starmer emphasized the need for regulators to balance risk management with fostering an environment conducive to growth, suggesting that this could involve reevaluating how regulations are applied to ensure they do not unnecessarily hinder business activities. This initiative is part of Labour's broader economic strategy to make the UK more competitive on the global stage by cutting red tape and promoting a dynamic business environment.

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