UK’s Labour Party plans closer ties with business regulators if elected

Britain’s Labour Party, tipped in the polls to win an election later this year, said on Tuesday it wants to streamline business policy by scrapping “talking shops” and building closer relations with key regulators to speed up market reforms.

“Pictures of politicians donning a hard hat and getting out to visit businesses will always endure but they cannot be the be-all and end-all of our engagement,” said Jonathan Reynolds, Labour’s spokesman on business.