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Times

UK ‘needs regulatory overhaul' as firms complain of added burdens

The CBI has called for an overhaul of Britain's regulatory regime, with its president saying that 'we let complexity creep in, and courage leak out' of how businesses are overseen. Rupert Soames, CBI president, is expected to say that there needs to be a consensus between business and government to 'think more openly about risk appetite, while setting clear red lines for the protection of consumers and businesses'. In a speech he is due to give at a business event in London on Wednesday, Soames is planning to say that now is the right time for significant reform as the UK resets its relationship with the European Union. 'The UK has a golden opportunity to reduce both trade and regulatory barriers with the EU,