Chancellor Rachel Reeves has convened a meeting with regulators at Downing Street as part of the government's initiative to reduce bureaucratic hurdles.
During this gathering, Reeves will unveil additional specifics on the government's strategy for deregulation and outline intentions to streamline or dissolve certain regulatory bodies, as reported by .
"Today we are taking further action to free businesses from the shackles of regulation," the Chancellor declared.
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"By cutting red tape and creating a more effective system, we will boost investment, create jobs and put more money into working people's pockets."
The government has previously disclosed plans to eliminate the Payments Systems Regulator, and today, Reeves is anticipated to announce that the Regulator for Community Interest Companies will be integrated into Companies House.
Representatives from eight regulatory agencies, including the Financial Conduct Authority, the Prudential Regulation Authority, and the Health and Safety Executive, are expected to participate in the meeting.
Reeves is also set to highlight 60 different initiatives that Britain's regulators are implementing to promote economic growth, such as expediting the approval of new medicines and simplifying mortgage regulations.
Among other initiatives slated for announcement today are a review of the Financial Ombudsman Service's role and an examination of environmental advice provided to planning authorities regarding bat conservation.
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Meanwhile, the process for approving environmental permits will be streamlined, with a single agency overseeing the system, and permits for low-risk and temporary projects will be eliminated.
These changes are anticipated to expedite major infrastructure projects like the Lower Thames Tunnel and the potential third runway at Heathrow.
CBI chief Rain Newton-Smith commented on the changes: "The 海角视频's Gordian knot of regulations hinders investment with compliance costs that are too high, leaving us trailing the international competition,".
She added: "Today's announcement signals a shift towards a more proportionate, outcomes-based approach that should deliver more sustainable growth and investment."