Prime Minister Sir Keir Starmer says it is "time to upgrade the regulatory regime" as he pledges to "rip up" bureaucracy. Addressing attendees at the international investment summit, Sir Keir says: "It's time to upgrade the regulatory regime, make it fit for the modern age, harness every opportunity available to Britain”. Report by Blairm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
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00:00It's time to upgrade the regulatory regime, make it fit for the modern age, harness every
00:07opportunity available to Britain. We will rip up the bureaucracy that blocks investment.
00:13We will march through the institutions and make sure that every regulator in this country,
00:19especially our economic and competition regulators, take growth as seriously as this room does.
00:27We are united behind growth. Our door is open and the work of change has already begun.
00:34We are reforming the planning system. The onshore wind ban has gone. New projects in
00:40solar, wind, tidal energy, carbon capture and storage, tax relief for the creative industries,
00:48investment from the world's leading companies, Blackstone, Amazon, a new partnership with
00:54Cyrus One to build data centres in Didcot, finally grasping the nettle on airport expansion,
01:01a new £1 billion commitment from Manchester Airport Group to expand Stansted, opening
01:07up new routes for work and holiday destinations. The first of tens of billions worth of inward
01:14investment deals that we will sign today, because we are determined to lead the way
01:20on growth, determined to get Britain building, determined to get our economy moving through
01:27the shock and awe of investment. That's the message to take home today when the big decisions
01:35are made, when you go back to your boardrooms and ask, where does our money go? Where do
01:42our jobs go? Where does our investment go for a better future? Let me offer you a new
01:49answer. It's time to back Britain. Thank you very much indeed. Thank you.