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Bonfire of bureaucracy: Regulators told to cut costs for firms as Wes Streeting says 'more change to come'

Chancellor Rachel Reeves (pictured) will summon regulators to Downing Street today to demand they cut the cost of red tape for businesses by a quarter.



The UK government, led by Chancellor Rachel Reeves and Health Secretary Wes Streeting, is planning to cut costs for businesses by reducing bureaucracy. Regulators will be summoned to Downing Street to implement a plan involving 60 measures, including streamlining processes for new medicines, international finance, and drone deliveries. The government aims to reduce the number of regulators and eliminate redundancies, potentially leading to job losses.

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