A Cabinet minister has denied that Sir Keir Starmer’s plans to slash red tape will lower standards as the Government seeks to woo investors at a major business summit. Technology Secretary Peter Kyle said that “ripping out” bureaucracy to speed up innovation, as the Prime Minister has promised to do, would not lead to “cutting corners”. The Government is expected to unveil investment deals worth billions in AI, life sciences and infrastructure at its first International Investment Summit on Monday. Business leaders including five of the world’s biggest banks, private ­equity firms, insurers and tech giants have expressed support for the UK as a stable bet for investment in a letter to the Times newspaper. But some have suggested that in order to make Britain a more attractive destination post-Brexit, the Government will need to regulate less than the EU. Asked whether ministers would be open to doing so, Mr Kyle told BBC Radio 4’s Today programme: “Actually, I would say you need to regulate smartly and you need to regulate creatively.” Asked whether he believed that was essentially the same as regulating less, he said: “It’s different. You don’t have to cut corners to get innovation through the regulatory...