UK PM asks regulators to prioritise growth


British Prime Minister Keir Starmer. — Bloomberg

LONDON: British Prime Minister Keir Starmer has asked the country’s regulators, including the financial and competition watchdogs, to remove barriers to growth in an effort to revive a sluggish economy.

Starmer wrote to more than 10 regulators – including the Financial Conduct Authority, the Competition and Markets Authority and energy and water regulators Ofgem and Ofwat – on Tuesday, asking them to present pro-growth initiatives to Downing Street by mid-January, Sky News reported last Saturday.

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