Reeves says rules and red tape are ‘boot on the neck’ of business

At the Mansion House dinner she calls for regulators to allow more risk to clear the way for economic growth

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Rachel Reeves has claimed that rules and red tape are acting as a boot on the neck" of businesses and risk choking off" innovation across the UK without bold reforms.

In a speech to City bosses attending the Mansion House dinner in London on Tuesday evening, the chancellor heaped further pressure on regulators to allow for more risk in order to boost economic growth.