Committee hears from companies on regulators and growth
The Industry and Regulators Committee will continue its inquiry into the relationship between regulators and economic growth by hearing from companies. The Committee will consider what the burdens and benefits that regulation can bring to companies, and whether regulators should take a more open approach to new products, services and forms of delivery. The Committee will also consider how regulators have reacted to the Government’s desire for them to enable economic growth, investment and innovation, and question whether decisions on the balance between innovation and regulatory protections should be taken by the Government or regulators.
Meeting details
At 10:00am: Oral evidence
Inquiry
Regulators and growth
Director of Regulation at Octopus Energy
Chief Operating Officer at MyCardium AI
Head of Government Affairs at Schneider Electric
At 12:00pm: Private discussion
Inquiry
Regulators and growth
Possible questions include:
- How do regulators and their regulatory frameworks impact on companies?
- What changes do companies need from regulators in order to innovate and grow?
- How meaningful is the Government’s ambition to reduce the administrative costs of regulation by 25% by the end of this Parliament?
- Would companies pay more to receive faster regulatory approvals, and would this impact on the fairness of regulation?