Britain’s government should set out what failures would be acceptable if regulations are eased in the push for economic growth, the bosses of the Financial Conduct Authority said on Wednesday. Prime Minister Keir Starmer, under pressure to reignite the economy after years of sluggish output, has promised to scrap regulation that constrains economic growth and said last year he would review economic and competition regulators that did not take growth seriously. Chief Executive Nikhil Rathi told a committee of lawmakers that Finance Minister Rachel Reeves had been the first minister he had seen to put in writing that she would stand behind the regulatory system if less red tape led to failures.
Government
