Committee begins inquiry into regulators and growth
The Industry and Regulators Committee will begin an inquiry into the relationship between regulators and economic growth, in light of the Government’s ambition for regulators to support investment and innovation and drive growth. Hearing from academics, the Committee will consider what barriers regulators put in the way of economic growth and how regulators should balance the desire for growth with their other responsibilities, such as competition, environmental and consumer protections. The Committee will discuss whether it is possible to make regulatory processes quicker and cheaper while maintaining the same level of protections, and how the Government and Parliament should guide regulators on these trade-offs.
Meeting details
At 10:00am: Oral evidence
Inquiry
Regulators and growth
Director at Centre for Competition Policy
Professor of Law and Regulation at Oxford University
Possible questions include:
- Has the Government been clear enough about its approach to achieving economic growth, and the role that regulators should play in it?
- How can the Growth Duty be strengthened meaningfully, and what impacts could this have on how regulators balance their competing priorities?
- How do you think wider changes in data, technology and AI are changing how companies and regulators operate? What opportunities do they provide to improve their efficiency or effectiveness?
- To what extent does the Government’s Regulation Action Plan provide a coherent strategy for ensuring that regulators drive growth?