Chancellor tells UK watchdogs she wants to cut down on overlapping regulation

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There is “too much bureaucracy” that is making it “too slow to get things done” across the UK, Rachel Reeves has told regulators after summoning them to Downing Street.

As the government continues its war on red tape, the chancellor told the bosses of UK watchdogs on Monday morning that she wanted to reduce duplication by regulators.

Reviewing environmental guidance given to planning authorities on protecting bats.

Simplifying the process for agreeing environmental permits, with just one agency in charge of the system and permits being scrapped for low-risk or temporary projects.

Slimming down the legal duties of financial services regulators, Ofgem, Ofwat and the Office for Road and Rail.

Reviewing the role of the Financial Ombudsman Service.