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United kingdom PM, finance minister to meet organization leaders on COVID restoration

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FILE Photo: Britain’s Primary Minister Boris Johnson and Chancellor of the Exchequer Rishi Sunak get there for a Cupboard conference, in London, Britain October 13, 2020. REUTERS/Simon Dawson

LONDON (Reuters) – Key Minister Boris Johnson and finance minister Rishi Sunak will question 30 company leaders on Monday for their ideas on economic policy, aspect of efforts to take a look at ways of boosting progress in Britain exterior the European Union.

After completing Britain’s journey out of the EU on Dec. 31, Johnson, a figurehead of the Brexit campaign, is chatting to companies about policy strategies to raise progress now that the place is no for a longer period bound by the bloc’s guidelines.

This is observed as significantly pressing due to the fact the coronavirus pandemic, which has flared once again largely simply because of a very contagious new variant, has plunged Britain into a even worse financial slump than pretty much all of its peers.

Together with Sunak, Johnson will discuss to the leaders of some of Britain’s premier businesses, including British Airways, BT, pharmaceutical company GlaxoSmithKline and the country’s most significant carmaker, Indian-owned Jaguar Land Rover.

“The council afterwards today is co-chaired by the primary minister and the chancellor and it will be an prospect for users to share their views on the economic system and supply a point of view on policy in phrases of the economic recovery as we transfer via, and ideally out of the pandemic,” Johnson’s spokesman said.

The govt is also setting up a “better regulation committee”, also chaired by Sunak, which will review regulation in Britain now the region is exterior the European Union to attempt to better stimulate expansion and bring in new financial commitment.

Final week, the authorities denied a report that it was arranging to reduced specifications on workers’ legal rights, but some officials say ministers are looking at ways to “capitalise” on being capable to diverge from EU procedures and rules.

Some resources have recommended that ministers are wanting at approaches to enhance investment in green and new know-how, by pooling alongside one another research scientists and item builders in specified areas to replicate a type of Silicon Valley.

Reporting by Elizabeth Piper, modifying by Estelle Shirbon

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