Regulators may be cut down as government guns for growth
Thursday, 13 February 2025 () The Business Secretary Jonathan Reynolds has indicated the number of regulators overseeing British industry and commerce could be reduced as part of the government's pursuit of economic growth.
Reacting to news in the United States, Home Secretary Yvette Cooper stressed the need to remove trade barriers, highlighting efforts by Business and Trade Secretary Jonathan Reynolds to strengthen the UK's global trade ties. Report by Etemadil. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Jonathan Reynolds says there is no contradiction between Labour's new plans for growth and the government's green commitments, citing investments in renewable energy and clean technology as "massive opportunities". The business secretary did, however, admit that there are “trade-offs” involved in growth and that the government will have to accept this as part of the process. This comes ahead of Chancellor Rachel Reeves' major speech on growth, in which she is expected to speak about plans of improving water infrastructure, expanding Heathrow, and unlocking big investments for the country. Report by Faragt. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Jonathan Reynolds says the ceasefire deal between Israel and Hamas that was agreed on Wednesday is "hugely important" and is an overdue "moment of hope that the world has been waiting for". The business secretary adds that the UK's "steadfast" support for Ukraine will continue "for as long as it takes", until Russian forces withdraw. His comments come as Prime Minister Sir Keir Starmer visits Kyiv to sign a new long-term partnership deal with Ukrainian President Volodymyr Zelenskyy. Report by Brooksl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
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