Committee questions regulators on how they support economic growth
The Industry and Regulators Committee will continue its inquiry into the relationship between regulators and economic growth by hearing from two regulators, the Food Standards Agency and the Information Commissioner. The Committee will 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. In particular, the Committee will question how regulators are acting to meet the Government’s target to reduce the administrative costs of regulation by 25%, and how regulators could behave in a less risk-averse way.
Meeting details
At 10:00am: Oral evidence
Inquiry
Regulators and growth
Information Commissioner at Information Commissioner's Office
CEO at Food Standards Agency
At 12:00pm: Private discussion
Inquiry
Regulators and growth
Possible questions include:
- Has the Government provided clarity on what growth would look like for your regulatory framework, including how this might impact your other objectives?
- How do you balance the need to provide a predictable, stable regulatory framework with the desire to respond flexibly to new technologies and opportunities?
- What is your approach to risk, and how is this changing as a result of the Government’s desire for regulators to be less risk-averse?
- How are you responding to the challenges and opportunities of new technologies such as AI, both in the sector you regulate and in how you regulate?