In a letter sent out on Christmas Eve, Prime Minister Sir Keir Starmer urged key UK regulators such as Ofgem and Ofwat to propose reforms aimed at stimulating economic growth. The deadline for these proposals is set for mid-January, stressing the urgency of addressing the stagnant economic conditions observed in recent months.
The UK's economy has shown troubling signs, with reports indicating it has flatlined between July and September. Sir Keir emphasized in his warnings to MPs that tangible improvements in citizens' living standards are unlikely to occur swiftly, highlighting the challenges ahead.
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