Reeves takes aim at regulation during growth speech

Regulation stifling growth

Cameron Roberts
clock • 2 min read

Chancellor Rachel Reeves delivered a broad-ranging-speech today (29 January, 2025) in Oxfordshire, in which she highlighted that regulation should be focused on growth in the future.

In her speech, the Chancellor also detailed plans for a third runway for Heathrow Airport and refused to rule out further tax rises in March. As she discussed regulation, Reeves said: "Businesses are held back by a complex and unpredictable regulatory system and that is a drag on investment and innovation." As recently as last week, Reeves has met with CEOs of key regulators to "tear down regulatory barriers" that hold back economic growth. She continued: "We need to go further and we need to go faster, so earlier this month I met the heads of some of our largest regulators. "Th...

To continue reading this article...

Join COVER for free

  • Unlimited access to real-time news, key trend analysis and industry insights.
  • Stay on top of the latest developments around health and wellbeing, diversity and inclusion and the cost of living crisis.
  • Receive breaking news stories straight to your inbox in the daily newsletter.
  • Members only access to monthly programme 'The COVER Review'
  • Be the first to hear about our CPD accredited events and awards programmes.

Join now

 

Already a Cover member?

Login

More on Regulation

FOS CEO Abby Thomas steps down

FOS CEO Abby Thomas steps down

James Dipple-Johnstone and Jenny Simmonds will cover

Isabel Baxter
clock 07 February 2025 • 1 min read
Regulator soft launches £2.5m scam checker tool to help protect consumers

Regulator soft launches £2.5m scam checker tool to help protect consumers

‘FCA Firm Checker’ is live for small number of users

Isabel Baxter
clock 05 February 2025 • 1 min read
CII adds two executive directors

CII adds two executive directors

Effective early March

Isabel Baxter
clock 04 February 2025 • 1 min read