The UK requires regulation, but it can be improved, according to Dan Corry, former head of the No.10 Policy Unit.
Smart, pro-growth regulation is necessary, says Corry, who recently conducted a review of regulation at Defra.
“we don’t regulate just for the sake of it … Effective regulation should be something to be proud of.
The government has discussed regulation extensively, highlighting its potential to slow down investment and hinder innovation, ultimately holding back growth.
Corry notes that the government has taken some sensible steps to address these issues and hopes to see further changes.
Author's summary: UK needs better regulation for growth.