Reposted by @8475.bsky.social
Cutting "red tape" (aka public protections), as Reeves is doing, does not save money. Instead, it transfers costs from the rich to the poor. Other people pay for financial recklessness, filthy rivers, air pollution, lax building standards and consumer rip-offs.
www.theguardian.com/politics/202...
theguardian.com
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
