Red tape is a “boot on the neck of businesses” and risks undermining the UK’s dash for growth, Rachel Reeves has said.

Rachel Reeves vowed to “take the boot of regulation off the throat of businesses” as she unveiled a bonfire of red tape to boost the economy in her keynote Mansion House speech.

In her second Mansion House speech as chancellor, Rachel Reeves will call on regulators to resist 'excessive caution'.

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