LONDON: 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.

Starmer wrote to more than 10 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 News reported last Saturday.

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. — Reuters