City grandee says UK planning laws epitomise the problems holding the country back
Rishi Sunak must replicate US policies to unleash billions of pounds in investment and boost Britain’s economy, the chief executive of Legal & General has said.
Sir Nigel Wilson said Britain needed to demonstrate it was pro-business amid an exodus of companies from the London Stock Exchange to New York.
The Government should emulate the US approach by cutting away red tape that holds back business investment and causes companies huge delays, he said.
Mr Wilson cited the example of planning laws in America, which he said are far more efficient than in the UK and less likely to hold up projects.