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UK growth plan requires regulatory upheaval, finance minister says in speech

( January 29, 2025, 14:43 GMT | Official Statement) -- MLex Summary: Appointing a new chairman of the UK competition watchdog was one of the government's initiatives to boost national economic growth, finance minister Rachel Reeves acknowledged in a keenly awaited speech today. Saying that "businesses are held back by a complex and unpredictable regulatory system," she touted Marcus Bokkerink's replacement last week as one answer, along with "new growth-focused remits to our financial services regulators." She outlined a three-pronged strategy for growth: "stability in our politics, our public finances and our economy … reform which makes it easier for businesses to trade, to raise finance and to build … and investment, the lifeblood of economic growth."Speech follows....

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