Chancellor tells financial, environmental and health watchdogs she wants to cut down on overlapping regulation

Regulators will face twice-yearly performance reviews from ministers, aimed at forcing them to be more growth-friendly, as the chancellor warned that “too much bureaucracy” is holding back the economy.

Rachel Reeves met financial, environmental and health regulators in Downing Street on Monday and urged them to continue to streamline their approach, to make it more pro-business.