Reeves Unveils Plan to Streamline Business Regulations

UK Chancellor Rachel Reeves is spearheading a government initiative to slash red tape and streamline regulations to boost economic growth. The plan includes cutting the number of regulators, simplifying environmental regulations, and fast-tracking infrastructure projects by reducing bureaucratic hurdles. One significant change involves slimming down guidance on protecting bat habitats, which has been criticized for delaying projects. Reeves' action plan is expected to save businesses billions and create a more efficient regulatory environment, aligning with Prime Minister Keir Starmer's vision of a leaner state. The government also aims to abolish NHS England and integrate smaller regulators into larger bodies, such as incorporating the Payment Systems Regulator into the Financial Conduct Authority. These moves come as the government seeks to revitalize the economy amid warnings from the Office for Budget Responsibility about fiscal constraints.