The prime minister is looking to woo foreign capital as part of the government’s push to get the economy growing again.The prime minister is looking to woo foreign capital as part of the government’s push to get the economy growing again.Keir Starmer will promise to slash red tape and “rip out the bureaucracy that blocks investment” as he hosts hundreds of global business executives for a major summit in central London.
Some in the union movement expressed concern at the prospect of another deregulatory push, with one likening Starmer’s tone to that of his predecessor David Cameron, who swept away building safety regulations as part of a “ Ministers have already begun rolling out big changes to the planning system to encourage building, including removing a de facto ban on onshore windfarms and promising to make it easier to build on the green belt.No 10 would not say which regulations are likely to be in scope, but officials said they wanted to review the remit of large regulators such as the Competition and Markets Authority to focus on growth as their main priority.
“We are focusing on investment because the mission of growth, in this country especially, demands it,” Starmer will say. “Private sector investment is the way we rebuild our country and pay our way in the world. This is a great moment to back Britain.”But while Starmer’s pro-business drive has already managed to attract billions of pounds of new investment, it has also caused ructions within his own party and among trade unions.
Some in the union movement are also concerned about the prospect of another deregulatory push, after similar moves under Conservative prime ministers.Our morning email breaks down the key stories of the day, telling you what’s happening and why it mattersOne union source likened Starmer’s words to Cameron’s “bonfire of red tape”. “The coalition also had a massive shake-up of red tape, and ended up taking out loads of safety regulations,” the source said.
The prime minister is also dealing with the fallout from a damaging cabinet row over the attendance at the summit of