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

AI blurring the line between regulated and unregulated financial advice: FCA

AI blurring the line between regulated and unregulated financial advice: FCA

Risks of consumer harm, cyber vulnerabilities and operational failures

Jack Roach
clock 19 October 2026 • 4 min read
DWP to change definition of terminal illness

DWP to change definition of terminal illness

Move will bring benefit and pension tax rules at end of life into closer alignment

Jonathan Stapleton
clock 16 October 2026 • 2 min read
CII names Debbie Mitchell as president

CII names Debbie Mitchell as president

Mandy Hunt takes over as deputy president

Sophia Panayi
clock 15 October 2026 • 2 min read