Regulation is all too often misunderstood and mischaracterised. It’s a potential ‘cost-free’ lever to growth at a time when the nation is having to tighten its belt, but, the focus on de-regulation risks the UK failing to seize the opportunities for meaningful reform.
Regulation is all too often misunderstood and mischaracterised. It’s a potential ‘cost-free’ lever to growth at a time when the nation is having to tighten its belt, but, the focus on de-regulation risks the UK failing to grasp the opportunity for meaningful reform. The real opportunity is in smart, intelligent use of regulation. There are, however, two inconvenient truths standing in the way of the UK grasping that opportunity.
The first is that most regulation is unavoidable - it is there for good reason. To prevent harm, to protect consumers, to guide the market. We can do it well or we can do it badly, but what we can't do is wish it away or discard it entirely. So, we need to shift the debate away from obsessing about why regulation is in place, and instead focus on the much bigger question – how it will be delivered?
The second truth is that
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