Speaking at the International Investment Summit 2024, the UK's Prime Minister Keir Starmer stated on Monday that his government will scrap regulations holding back the UK's growth. He added that his ministers will rip out the bureaucracy that blocks investment. "It’s time to upgrade the regulatory regime and make it fit for the modern age," Starmer said.
The official also highlighted that he is determined to repair Britain’s brand as an open, outward-looking, confident, trading nation, and pledged to do everything in his power to get the UK's economy growing at the fastest pace in the G7.