Rachel Reeves tells private equity bosses she plans to shut down more regulators

Chancellor stopped short of saying which regulators were in government's crosshairs

The chancellor Rachel Reeveshas told private equity bosses that she plans to shut down more regulators across the UK as she attempts to drive growth across Britain's subdued economy.

Reeves - who in July claimed regulators were a boot on the neck" of business - cheered her recent decisions to sack the chair of the competitions watchdog, shut down the payments regulator, and severely" constrain the Financial Ombudsman Service, which UK banks have long lobbied to curtail. However, she said there was still more to do".