The government of the United Kingdom plans to announce the reduction of bureaucracy for companies on Monday in an attempt to stimulate stagnant economic growth. Finance Minister Rishi Rive has convened a series of regulators from the financial and ecological sectors in Daunig-street.
"Through the reduction of bureaucracy and the creation of a more effective system, we aim to increase investment, create jobs, and put more money in the pockets of workers," Rive stated. The goal includes "reducing the costs of administrative procedures for companies by a quarter," without a specific deadline, and involves around sixty organizations.
These organizations will face the process of reorganization, and they will be offered to ease regulatory rules.
