News Formal

U.K. Prime Minister Vows to Slash Red Tape to Boost Investment

  • 📰 NBCPhiladelphia
  • ⏱ Reading Time:
  • 39 sec. here
  • 7 min. at publisher
  • 📊 Quality Score:
  • News: 36%
  • Publisher: 51%

Business & Finance News

Investment,Regulation,U.K. Economy

British Prime Minister Keir Starmer pledged at the International Investment Summit on Monday to reduce regulatory burdens to encourage investment in the UK. He emphasized removing 'needlessly holding back' regulations and upgrading the system to prioritize growth, innovation, and investment.

U.K. Prime Minister Keir Starmer on Monday vowed to slash regulatory red tape to boost anemic investment in the country.

LONDON — U.K. Prime Minister Keir Starmer on Monday vowed to slash regulatory red tape to boost anemic investment in the country."We've got to look at regulation across the piece, and where it is needlessly holding back investment ... mark my words, we will get rid of it," he told delegates at the government's inaugural International Investment Summit, held at London's Guildhall.

The prime minister restated that growth was the"No. 1 test of this government," and reiterated plans for the U.K. to become the fastest-growing G7 economy. Schmidt added that he was waiting to see"how you pull it off," urging the government to invest further in artificial intelligence to achieve its wider growth goals.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 569. in NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

UK Prime Minister Keir Starmer vows to slash regulatory red tape in bid to boost investmentU.K. Prime Minister Keir Starmer on Monday vowed to slash regulatory red tape to boost anaemic investment in the country.
Source: CNBC - 🏆 12. / 72 Read more »

Selfridges owner secures major investment from Saudi Arabia’s Public Investment FundThailand’s Central Group, the majority shareholder, has accepted a deal that grants its new partner a 40 percent stake in the British luxury department store chain.
Source: LuxuryDaily - 🏆 325. / 59 Read more »

UK Finance Minister Reeves Vows No Austerity But Promises 'Difficult Choices'British Finance Minister Rachel Reeves has pledged that there will be no return to austerity policies as she prepares to unveil her budget proposals next month. While acknowledging the tough economic challenges inherited from the previous Conservative government, Reeves emphasized her commitment to rebuilding Britain through ambitious spending and taxation measures.
Source: NBCNewYork - 🏆 270. / 63 Read more »