Rachel Reeves is expected to put pressure on UK regulators to do more to support economic growth when she calls out No 11 bosses on Thursday.

The chief executives of regulators including the Competition and Markets Authority, communications regulator Ofcom, water regulator Ofwat and energy regulator Ofgem will meet Chancellor of the Exchequer and Business Secretary Jonathan Reynolds in Downing Street as they face The allegation is that their work has been an impediment to investment.

The Office of Rail and Highways, the Environment Agency and the Civil Aviation Authority are also expected to attend the midday meeting.

Weeks ago, Reeves, Reynolds and Prime Minister Keir Starmer wrote to 17 UK regulators on Christmas Eve, ordering them to put forward proposals to boost growth.

Thursday's meeting was the first in a series of checks with those regulators as the government reviews their plans and progress.

Government ministers and officials will engage with other regulators, including the Financial Conduct Authority and the Bank of England's Prudential Regulation Authority (PRA), over their proposals in the coming weeks.

Regulators took notice back in October, when Starmer, speaking at the Government Investment Summit, pledged that he would “tear down the bureaucracy that holds back investment” and ensure every regulator in the UK “has a voice in this room” Take growth seriously."

Reeves later told City of London bankers at a Mansion House dinner in November that post-financial crisis regulators "went too far" and had "unintended consequences, which we now have to address" ".

Thursday's meeting will take place hours after new data showed the UK economy returned to growth in November, with GDP rising 0.1% for the month. However, economists had expected growth of 0.2%.

"Growth is a priority for this government so we can put more money in people's pockets and help fund our public services," Reeves said in a statement released ahead of the meeting. "The challenges we face Economic headwinds underscore the importance of advancing reform plans to drive economic growth."

But she added that this could only be achieved if "we tackle barriers to investment and make the necessary reforms to make the UK the best place to do business", including "taking a comprehensive look at regulation and taking the necessary steps to reform".

"This was the challenge the Prime Minister put to regulators last year and today's meeting will be about taking that agenda forward because we want every regulator, no matter what their sector, to be involved."

Earlier this month, PRA chief Sam Woods told MPs the Bank of England planned to cut the "reporting burden" on UK banks and allow insurers to make riskier investments without preliminary approval as part of its pro-growth agenda part of the reform.

The central bank said it had taken steps to improve the City of London's international competitiveness as part of the new Basel 3.1 rules, removing caps on bankers' bonuses and easing capital requirements.