Starmer Promises to ‘Rip Out’ Bureaucracy That Blocks Investment

Published on October 15, 2024

Prime Minister Sir Keir Starmer has promised to upgrade the regulatory regime and “rip out the bureaucracy that blocks investment” in a speech to investors at the UK’s first International Investment summit. Addressing some 300 industry leaders at the Guild Hall in London on Monday, Starmer said his government would look at regulation, and where it is needlessly holding back investment—such as stopping the building of homes, roads, and data centres—”we will get rid of it.” “It’s time to upgrade the regulatory regime,” Starmer said, so that it is “fit for the modern age.” “We will rip out the bureaucracy that blocks investment, we will march through the institutions, and we will make sure that every regulator in this country—especially our economic and competition regulators—takes growth as seriously as this room does,” he added....

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