Commenting on the Deputy Prime Minister’s proposals to reform the planning system, Miles Celic, Chief Executive Officer, TheCityUK said, “The motivating spirit behind these reforms is absolutely right. Updates to the current UK planning framework are crucial to meet the growing demand for investible projects and to drive growth across the country. The reforms are particularly significant for large infrastructure projects that will have a major impact on the wider economy and investment attractiveness. Our industry looks forward to continuing to engage with government on these proposals to ensure they provide the clarity, consistency, and speed of decision-making needed to unlock capital and growth.”
Annual cost of regulatory compliance to UK financial services sector exceeds £33.9bn
Our new report with PwC UK finds that UK financial services firms now spend over £33.9bn a year on regulatory compliance, highlighting the need for collective action to simplify and streamline the system.