Reuters - Video

EDITION: U.S. | U.K. | IN

Rough Cuts

Britain's PM pledges to cut red tape

Monday, Nov 19, 2012 - 01:08

Nov.19 - British Prime Minister David Cameron tells business leaders he will slash legal and regulatory obstacles to economic growth, seeking to ward off criticism that the government is doing too little to help companies and revive an ailing economy. (Rough-cut - No reporter narration).

▲ Hide Transcript

View Transcript

(ROUGH CUT ONLY - NO REPORTER NARRATION) Cameron said he was determined to cut through officialdom and change a risk-averse government culture of consultation, review and audit that hindered enterprise. Cameron's Conservative-led government has pledged to tackle its budget deficit and has little room to boost Britain's stagnant growth with extra state spending. It has instead been seeking to promote a private-sector-led recovery, identifying a series of job-creating infrastructure projects, but has since been frustrated by the slow pace of progress. Cameron said the government would impose restrictions on the use of a legal process known as judicial review, used increasingly by opponents to delay big infrastructure schemes. Cameron said the government would impose restrictions on the use of a legal process known as judicial review, used increasingly by opponents to delay big infrastructure schemes. A planned high-speed rail line from London to Birmingham faces five such reviews in court hearings next month from residents and others affected by its construction.

Britain's PM pledges to cut red tape

Monday, Nov 19, 2012 - 01:08

Top News »

Money »

Moving Pictures »