The Chancellor told watchdog chiefs on Monday morning she wanted to reduce duplication by regulators.
Chancellor Rachel Reeves warned regulators about excessive bureaucracy hindering UK economic growth and announced plans to cut regulation costs by a quarter, potentially abolishing or slimming down regulators. The government released an "action plan" to reform complex requirements and is implementing 60 measures agreed upon by regulators to boost growth, including reforms to financial services and environmental permitting. However, the Conservative shadow chancellor criticized Reeves' policies as detrimental to growth.
