Speaking at the International Investment Summit on Monday, Sir Keir Starmer said the government will ensure “that every regulator” in the UK will take growth “as seriously” as businesses.
Starmer said now is the “time to upgrade the regulatory regime” and the government will “rip up” the bureaucracy.
The Prime Minister told delegates, “It’s time to upgrade the regulatory regime, make it fit for the modern age, harness every opportunity available to Britain.
“We will rip up the bureaucracy that blocks investment. We will march through the institutions and make sure that every regulator in this country, especially our economic and competition regulators – take growth as seriously as this room does.”
Starmer insisted he wants companies to share any of their “frustrations” with the government as “We’re united behind growth, our door is open.”
In his keynote speech he said, “We’ve got our problems, of course we have, as I’ve said our public services need urgent care, our public finances need the tough love of prudence – challenges we can’t ignore.
“Because we know, just as every leader here knows, that those early weeks and months are precious, and no matter how many people advise you to ignore it, that you must run towards the fire to put it out, not let it spread further.
“So, we will fix our public services, we will stabilise our economy, and we will do it quickly, because we don’t want any of the problems associated with our inheritance misting up the shop window of Britain, distracting you from all those assets that I just listed.”
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