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UK is 'wired for old world' of the 1980s and 1990s, says Kemi Badenoch


Published on 2024-12-16 13:00:57 - MSN
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  • The Conservative leader suggested that the UK is 'regulating ourselves at very high standards' which 'puts us at a disadvantage'.

The article discusses comments made by Kemi Badenoch, the UK's Business and Trade Secretary, who criticized the UK's current infrastructure and regulatory framework as being outdated, suited more for the economic conditions of the 1980s and 1990s rather than today's globalized, digital economy. Badenoch highlighted the need for the UK to adapt its systems to better compete internationally, especially in light of the post-Brexit environment where the UK must forge new trade relationships. She emphasized the importance of modernizing regulations to facilitate easier business operations, reduce bureaucratic hurdles, and enhance the UK's attractiveness to global investors. Her remarks were part of a broader discussion on economic policy and the UK's future economic strategy, suggesting a shift towards more dynamic and responsive governance to meet contemporary economic challenges.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/politics/government/uk-is-wired-for-old-world-of-the-1980s-and-1990s-says-kemi-badenoch/ar-AA1vXHIe ]