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Starmer's vow to ‘rip up’ red tape in bid to attract private investment sparks fears Britain is ‘up for sale’
Prime Minister Keir Starmer speaks during the International Investment Summit in London, as the Government seeks to woo investors to the UK, October 14, 2024

SIR KEIR STARMER sparked fears that he is putting Britain “up for sale” by vowing today to “rip up” bureaucracy in a bid to attract global investment.

The Prime Minister said it was “time to upgrade the regulatory regime” as he rolled out the red carpet for chief executives at a summit in the City of London.

Deals worth tens of billions of pounds were expected to be confirmed at the Guildhall, with guests also invited to an exclusive reception at St Paul’s Cathedral, attended by the King and featuring a performance by Sir Elton John.

“Grenfell is a good example of where self-regulation was adopted, being taken from the independent fire regulators, and the consequences were that no-one regulated, no-one checked that safety was being taken seriously and dozens died because there was no-one taking a precautionary approach to the risks and no-one as yet has been prosecuted either.”

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