Regulators may be cut down as government guns for growth
Thursday, 13 February 2025 The Business Secretary Jonathan Reynolds has indicated the number of regulators overseeing British industry and commerce could be reduced as part of the government's pursuit of economic growth.
The business secretary has unveiled plans to crack down on late payments to ease the burden on small businesses. Jonathan Reynolds said the small business commissioner is to be given powers to fine large companies which continue to pay their suppliers late. Report by Kennedyl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Business Secretary Jonathan Reynolds and his Indian counterpart Piyush Goyal formally signed the UK-India trade agreement in the great hall of Chequers. The deal is set to be worth £6 billion in investment for the British economy and increase efforts to tackle illegal migration and organised crime. Report by Gluszczykm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Business Secretary Jonathan Reynolds refuted claims that new UK-India trade will lead to British workers being undercut by Indian migrants. Speaking at Chequers, Mr Reynolds said: ''There's nothing in this deal that has an impact on immigration long-term.''
The UK-India trade deal is understood to be the largest of its kind for its economic impact on Britain, resulting in 2,200 jobs across the country and £6 billion investment by British and Indian businesses. Report by Gluszczykm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
The government has launched a review into parental leave as the current system has been criticised. Business Secretary Jonathan Reynolds said the Government will look at the whole system, including maternity leave and paternity leave, to see how it can be improved.
Report by Kennedyl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Prime Minister Sir Keir Starmer, Chancellor Rachel Reeves and Business Secretary Jonathan Reynolds visit a business in Nuneaton to promote the government’s new industrial strategy Report by Blairm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
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