The leading contender to become the United Kingdom’s next prime minister said he plans to make the most of the opportunities thrown up by shaking off the “shackles” of European Union regulation.
Writing in the Telegraph newspaper, former Chancellor Rishi Sunak said that, if chosen to lead the Conservative Party, he will have “scrapped or reformed all of the EU law, red tape and bureaucracy that is still on our statute book and slowing economic growth” in time for the next election.
So far in the leadership race, Sunak has tapped into the support of moderate MPs, while drawing fire from opponents who accuse him of championing of high-spend, high-tax policies. In a pitch to the right wing of the party, he said he’d task a new “Brexit delivery” department with reviewing 2,400 EU laws still on the statute book, scrap the EU’s Solvency II rules to incentivize investment, replace the bloc’s data privacy regulations and speed up medical trial approvals.
