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The UK Business secretary has said controversial decisions will need to be taken in order to tackle barriers to growth. In a post-budget speech delivered by UK Prime Minister Keir Starmer on Monday, Peter Kyle was tasked with applying a deregulatory approach to major infrastructure schemes. Speaking at the Wales Investment Summit, the Business secretary said the government needs to be ‘bolder’ and ‘more comfortable with taking risks’. He told the Press Association: ‘[The prime minister] is expecting more, but I am going there saying I want to deliver more. ‘People should read the work I’ve already done in the first few weeks in this job as firing the starting gun, not the end of the road. ‘In the weeks and months ahead, you are going to see a determined and unrelenting focus on modernising our regulatory system, getting barriers to growth knocked aside, and finding ways which sometimes, which may be controversial, which may be bold but will be in the interests of Britain today and into the future.’ Asked how the new policies would be controversial, Kyle said: ‘Let’s see. We inherited a growth emergency from the previous government.’ ‘And emergency situations require measures which are hard to justify in ordinary times, but we are not in ordinary times, and that means we need to push the envelope. ‘It means we need to think bolder than before, and we also need to be more comfortable with taking risks that you wouldn’t take in ordinary times, because we cannot carry on like this. ‘We cannot carry on with the Tory, high-tax, low-growth economy that we inherited, and the only way through it is by getting sustainable, persistent growth that is felt by people and their families.’ By Eleanor Storey Press Association: News source: PA Copyright 2025 Alliance News Ltd. All Rights Reserved.
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