A group of industry regulators are meeting with the chancellor to discuss ways to accelerate economic growth, with Rachel Reeves expected to outline plans to cut regulatory costs and abolish certain bodies. This follows the government’s move to reduce bureaucracy, including the recent abolition of NHS England. Measures to be announced include streamlining environmental regulations and simplifying mortgage lending rules to boost business in the UK. The government is also planning to reduce the number of regulators by the end of the Parliament.
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