We'll cut UK business regulation and innovation barriers, finance minister says
( October 28, 2026, 14:39 GMT | Official Statement) -- MLex Summary: The UK will cut “outdated” regulations to stop them holding back investment, the finance minister said in a speech Wednesday setting out the government's next annual spending plans. John Healey said the government would re-establish the Better Regulation Executive to reduce administrative burdens on businesses and workers. It will also legislate to allow innovative products, including drones and medicines, to be safely tested and scaled up faster. Healey also announced more government investment in AI security initiatives, and said data centers would get priority electricity grid access if they invest in local communities, create local jobs and protect local water supplies.Budget 2026 document and press release attached....
Prepare for tomorrow’s regulatory change, today
MLex identifies risk to business wherever it emerges, with specialist reporters across the globe providing exclusive news and deep-dive analysis on the proposals, probes, enforcement actions and rulings that matter to your organization and clients, now and in the longer term.
Know what others in the room don’t, with features including:
- Daily newsletters for Antitrust, M&A, Trade, Data Privacy & Security, Technology, AI and more
- Custom alerts on specific filters including geographies, industries, topics and companies to suit your practice needs
- Predictive analysis from expert journalists across North America, the UK and Europe, Latin America and Asia-Pacific
- Curated case files bringing together news, analysis and source documents in a single timeline
Experience MLex today with a 14-day free trial.