Campaigners are calling on the Government to tackle the barriers to growth created by Brexit following reports that the Prime Minister, Chancellor and Business Secretary have written to UK regulators.
According to reports on Saturday, the Government asked Britain's key regulators, including the financial and competition watchdogs, to remove barriers to economic growth. This week it was confirmed that the economy did not grow between July and September.
However, campaigners have highlighted that trade barriers introduced by the last Government's Brexit deal remain a key blocker for businesses.
Last week a new report by LSE suggested that Brexit reduced UK exports by £27billion in 2022 alone.
Naomi Smith, CEO of Best for Britain which campaigns for closer EU-UK ties said,
“Achieving economic growth is vital if the Prime Minister is to deliver on his promises to the country but the answer is not a regulatory race to the bottom.
“Businesses need regulatory certainty to invest and the real barriers to growth that must be removed are those created by the Brexit deal which have artificially increased prices for consumers. The Government can do both by committing to a policy of beneficial regulatory alignment with our largest market.”