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flag UK Chancellor Rachel Reeves aims to cut regulatory costs by 25% to boost economic growth, facing environmental concerns.

flag Chancellor Rachel Reeves is pushing to cut red tape and reduce regulatory costs by a quarter to boost economic growth in the UK. flag She met with regulators to discuss measures like fast-tracking new medicines, reviewing contactless payment limits, and simplifying mortgage rules. flag Environmental groups worry the changes could weaken regulations, but Reeves aims to streamline processes to support businesses and speed up infrastructure projects.

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