Peter Kyle promises measures to slash red tape for firms in the hope of boosting economic growth

Evening Standard

At the CBI conference, Business Secretary Peter Kyle promised measures to slash red tape for firms in the hope of boosting economic growth.He announced 'a rolling programme of industry-led task forces to scrutinise regulation that’s slowing down growth'.

Transcript

00:00comes from enterprise and wealth creation, the decision to take the risk to start a business,

00:07the profitable operation of a business. It comes from foundation, expansion, seizing opportunities.

00:16I am this morning announcing a rolling program of industry-led task forces to scrutinize regulation

00:21that's slowing down growth across our country. These task forces will identify the red tape

00:27that needs to be culled, and they will recommend smarter, sharper regulation that builds and benefits

00:33a modern, competitive business landscape. And from today, the government's British Business Bank

00:39will also increase its pace of investment by two-thirds, with a £4 billion boost to the most

00:46promising businesses in the industrial strategy sectors to scale up and stay here.

Category

Transcript

Be the first to comment

Recommended