LONDON (Reuters) - British Prime Minister Keir Starmer has asked the country's regulators, including the financial and competition watchdogs, to remove barriers to growth in an effort to revive a sluggish economy, Sky News reported on Saturday.
Starmer wrote to more than ten regulators - including the Financial Conduct Authority, the Competition and Markets Authority and energy and water regulators Ofgem and Ofwat - on Tuesday, asking them to present pro-growth initiatives to Downing Street by mid-January, Sky said.
It cited one recipient of the letter, which was also signed by finance minister Rachel Reeves, as saying it was unambiguous in its direction to prioritise economic growth and investment.
Sky said the Financial Reporting Council, media regulator Ofcom, the Environment Agency and healthcare regulators also received the letter.
Downing Street did not immediately respond to a Reuters request for comment.
Official figures last week showed Britain's economy failed to grow during the first three months of Starmer's new government, adding to signs of a slowdown.
Business groups have also said the government's tax-raising Oct. 30 budget would make it harder for companies to invest and recruit workers in the short term.
Forex is the world’s largest financial market, offering endless opportunities to trade and grow your wealth. Whether you're a beginner or an expert, discover strategies and tools to succeed at SmileTradeFX.
Forex, the global currency trading market, provides an unmatched platform for individuals and businesses to grow their wealth. Its 24/5 accessibility, high liquidity, and diverse trading options make it ideal for traders of all experience levels. Explore how you can unlock the potential of forex trading with insights and tools from SmileTradeFX.
Starting in forex trading may seem daunting, but with the right guidance and resources, it can be an exciting and rewarding journey. From understanding currency pairs to mastering trading strategies, every step is an opportunity to grow your financial expertise. Visit SmileTradeFX for a comprehensive guide to getting started in forex trading today.
©️Smiletradefx.com – Licensed under SERC Cambodia.
𝐓𝐫𝐚𝐝𝐞 𝐰𝐢𝐭𝐡 𝐚 𝐬𝐦𝐢𝐥𝐞
🧑💼 Business Support: https://t.me/sm.business.support
👨🔧 Technical Support: https://t.me/sm.technical.support
💱 Liquidity Support: https://t.me/sm.liquidity.support
In a recent economic event, the Chicago Purchasing Managers' Index (PMI) reported a score of 36.9, suggesting a contraction in the manufacturing sector of the Chicago region.
The National Association of Realtors (NAR) released their latest Pending Home Sales report, revealing a stronger than expected uptick in the number of homes under contract to be sold, excluding new construction. The actual figure came in at 2.2%, surpassing both the forecasted and previous numbers.
SEOUL (Reuters) -South Korea's consumer inflation quickened in December, exceeding market expectations amid a weak local currency though it was still lower than the central bank's target. The consumer price index rose 1.9% in December from a year earlier, after a rise of 1.5% in November, Statistics Korea data showed on Tuesday.
