UK's Reeves backs regulators' response to red tape cuts

UK finance minister Rachel Reeves expressed satisfaction on Monday with the steps taken by the country’s top financial regulators to promote economic growth. The government’s push to reduce red tape includes cutting some watchdogs, as they aim to accelerate a sluggish economy.

British finance minister Rachel Reeves said on Monday she was pleased with moves to boost economic growth taken by two of the country's top financial regulatory bodies as the government moves to cut red tape, including by axing some watchdogs.
Reeves and Prime Minister Keir Starmer promised voters in last year's election that they would speed up the economy, but growth has remained stubbornly slow since then, putting pressure on the government's spending plans
 

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