The UK needs regulation, but it can be done better, 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.
Author's summary: UK regulation needs improvement for growth.