The British chancellor to meet regulators on Monday to announce the “action plan” to cut administrative formalities.
The UK’s Labor Party Government should announce a “radical upheaval” of the bureaucracy aimed at reducing the administrative costs of companies in a quarter.
The British chancellor of the chessboard Rachel Reeves is expected to meet regulators on Monday to announce the “action plan” to cut the administrative formalities, his Majesty treasure said on Sunday in a statement.
Under the plan, the government will reduce the number of regulators, will rationalize the implementation of environmental regulations for major projects and the costly paperwork bar, including hundreds of orientation pages on the protection of bat habitats.
The upheaval comes next to 60 measures that regulators have agreed to improve the commercial environment, in particular the jet-suivi of new drugs on the market and the simplification of mortgage loan rules, said the Treasury.
“By cutting administrative formalities and creating a more effective system, we will stimulate investments, create jobs and put more money in workers’ pockets,” said Reeves.
The announcement of Reeves comes a few days after Prime Minister Keir Starmer undertook to undertake reforms to revise “the excessive and flange state” of the United Kingdom.
Last week, Starmer said that he would scratch the body that would supervise the state -funded health services and abolish the payments regulator by folding back into the country’s main financial guard dog.
Starmer’s Labor Government was elected in July following a commitment to launch economic growth and stimulate the standard of living after years of stagnation and decline.
After swept away power in a landslide, Starmer quickly lost his support while his government has trouble finding savings while increasing growth.
In an IPSOS survey published last month, 48% of British said that the government was doing bad management work in the country, while 49% said its economic plans would have a negative impact.
The British economy decreased by 0.1%, after increasing 0.4% in December and 0.1% in November.
