Context
UK businesses have criticized the regulatory system for hindering growth and investment. The Treasury published a regulation action plan.
Question
What assessment has been made of the potential impact of the Department's regulatory policies on trends in the level of investment? Investors are influenced by decisions from multiple agencies, regulators, and government departments, which highlights the importance of consistency in regulatory frameworks to protect consumers while boosting UK economic competitiveness.
Answer from The Economic Secretary to the Treasury (Emma Reynolds)
We have secured 60 commitments from key regulators to improve the business environment. The Government are streamlining regulation and removing duplication to deliver a regulatory system that encourages new investment, innovation, and growth.
Not addressed: Did not provide specific details on how Treasury is supporting a whole-of-government approach.
How: Jumping The Gun
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