0:00
K Dharma and Rachel Reeves want to
0:01
deregulate Britain and slash their way
0:04
through thickets of red tape in a bid to
0:06
reboot the government's economic message
0:08
writing in the times the Prime Minister
0:10
argued that deregulation is essential
0:12
and warned investors were shunning the
0:14
UK thanks to its morass of rules
0:16
starmer's comments follow months of
0:17
anemic growth and criticism from
0:19
business in the wake of Chancellor
0:21
Rachel ree's budget and coincide with a
0:23
wider attack on public sector Watchdogs
0:25
from the very top of government so
0:27
what's the plan well it all marks
0:29
something of a shift in the government's
0:31
handling of the economy Reeves delivered
0:33
a major speech on growth on Wednesday
0:35
morning which saw her confirm the
0:36
government's backing for a third Runway
0:38
at Heathrow Airport as she fought back
0:41
against critics of her approach while
0:43
Reeves and starma have both taken aim at
0:45
Regulators in recent weeks they wrote to
0:47
17 watchdogs on Christmas Eve demanding
0:49
they set out plans to boost the economy
0:52
and the competition and markets
0:53
Authority last week felt their wroth as
0:55
they ousted chair Marcus over what
0:58
was described as a different approach to
1:00
growth starmer's argument today aims to
1:02
build on this strategy he said stripping
1:04
Regulators of their power would form an
1:06
essential pillar of the government's
1:07
pledge to deliver growth the PM
1:09
described it as an unusual goal for
1:10
labor politicians but insisted it was
1:13
NOW essential for realizing labor
1:14
Ambitions in this era including on
1:17
investment home ownership and clean
1:18
energy what could happen next reev said
1:20
in her speech that a new Final action
1:22
plan on how Regulators will drive growth
1:24
would be published in March and when
1:26
asked by city am about concerns over the
1:28
government's intervention in an
1:30
independent regulation the chancellor
1:31
insisted she won't apologize for wanting
1:33
to reform how regulation Works she
1:36
argued that there's a lack of
1:37
predictability in our Regulators which
1:39
is bad for business and bad for our
1:40
economy the chancellor further said if
1:42
the government is going to grow the
1:43
economy it will have to reform The
1:45
Regulators too and The Regulators will
1:47
need to be part of this growth Mission
1:49
but opponents of the government weren't
1:50
so impressed Mel stride the shadow
1:52
Chancellor said the biggest barriers to
1:54
growth in this country are Rachel Reeves
1:56
K Dharma and their job destroying budget
1:59
while Tom CL from the free market Think
2:01
Tank The Institute for economic Affairs
2:03
said although Reeves was saying all the
2:05
right things on growth the UK needs
2:07
genuine regulatory liberalization if
2:09
this progrowth pivot is going to be
2:11
sustainable what do you make of the
2:12
government's push to deregulate let us
2:14
know in the comments and follow City am
2:16
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