UK regulators to face twice-yearly reviews as Reeves vows to slash red tape | Rachel Reeves

The organizers will face performance reviews twice than the ministers, aiming to force them to be more suitable for growth, as the advisor warned that “a lot of bureaucracy” hinders the economy.

Rachel Reeves interviewed financial, environmental, and healthy organizers in Downing Street on Monday and urged them to continue to simplify their approach, to make it more pro -business.

“There are a number of things over the past decade or so,” Reeves said. “If we are honest and you know better than anyone – it is the organizational scene.” “Many of the intertwined organization, and a lot of bureaucracy, is very slow to accomplish matters.”

Treasury officials said that the organizers will now be requested to provide “major performance indicators” by June, and will then be transferred to hold evaluation meetings twice with the relevant foreign minister to evaluate their progress.

While Reeves fights to grow growth After a series of disappointing economic dataThe advisor may also legislate to allow the competition to monitor the audit of fewer mergers.

Competition and Markets Authority (CMA), whose president The government was forced to leave in JanuaryHe is considering changing the threshold in which you interfere in the proposed acquisitions.

This may mean an increase in the market share that integrated companies will need to creating a CMA participation of the current level of 25 %.

“Nobody ignores that we need companies to come and invest in the United Kingdom, and the way CMA is working is part of it. When I think the risky reforms are if you start to influence CMA’s ability to maintain competition in the economy,” said George Depp, Assistant Director of Economic Policy at IPPR Thinktank.

“CMA continues to work closely with the government to ensure that the UK’s combat system is effective and proportional,” said a spokesman for the International Energy Agency.

Speaking after gathering with the organizers on Monday, Reeves said she was happy with the progress made by the PRA and the Financial Conduct (FCA) in transforming the focus towards growth.

In the speech of her palace house in November The city’s organization has gone after the 2008 global financial crisis The strangulation was dangerous.

The government also said last week that it would eliminate another financial control, which is the regulator of payment systems, and puts it in FCA.

As well as the execution of the organizers, exhaustion He is committed to reducing the number of bodies ranging from weapons that implement government decisions, in an attempt to reduce costs and improve accountability.

In addition to major companies, it is also possible that specialists to maintain the maintenance of their lands will benefit from the government’s campaign to reduce regulations.

Reeves and Environment Minister Steve Reed will remove the need for reliable partners – specialists to maintain nature plans for some time – to apply to Natural England or the Environment Agency to obtain permission to restore nature.

Currently, specialists must maintain the restoration of rivers or dug wetland areas to apply to many organizers for approval, while it can be a long and expensive process.

The Ministry of Food and Rural Affairs (DEFRA) said that the new plan will allow the reliable nature and environmental partners “to move quickly to restore nature without progressing to many organizers of permissions.”

Jake Vinice, director of conservation at Holkham Estate in North Norfolk, said that the current system makes it very difficult to restore the rare chalk stream that passes through the national natural reserve, or to dig wetland areas for many endangered birds called the Hawza.

He said: “The permits of flood risk activity are currently a catastrophe. Those who help in providing the environmental goals of the government are organized to death while those who commit fresh water ecoside with impunity. It is a restriction police system that punishes compliance and strongly needs reform.”

The natural source of England agreed that the system needs to fix “current regulations slowing good things as well as things that are likely to be harmful. The truth is that our organizational frameworks have been designed to stop the occurrence of bad things (very important), but now we need more methods about encouraging good things.”