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UK finance minister Reeves to unveil action plan to cut over-regulation

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British finance minister Rachel Reeves will meet financial, environmental and health regulators on Monday to unveil an "action plan" to cut red tape by reducing the number of bodies overseeing sectors seen as crucial to boosting economic growth.
Rachel Reeves, the UK's new finance minister, is set to unveil an action plan aimed at reducing over-regulation to stimulate economic growth. This initiative follows her appointment in the Labour government, which has promised to address the burdensome regulations that have been criticized for stifling business activity. Reeves plans to review and potentially reform regulations across various sectors, focusing on simplifying processes and cutting red tape. This move is part of a broader strategy to make the UK more attractive for investment and to foster a more dynamic business environment. The plan will be detailed in an upcoming speech, where she will outline specific measures to enhance productivity and competitiveness.

Read the Full Reuters Article at:
[ https://www.msn.com/en-gb/money/other/uk-finance-minister-reeves-to-unveil-action-plan-to-cut-over-regulation/ar-AA1B2IXc ]