Memo for Rachel Reeves: regulators cannot produce growth out of thin air | Nils Pratley
Briefly

from www.theguardian.com2 weeks ago
"Every regulator, no matter what sector, has a part to play by tearing down the regulatory barriers that hold back growth," said Rachel Reeves, the chancellor.
www.theguardian.comhttps://www.theguardian.com/business/2025/jan/16/memo-for-rachel-reeves-regulators-cannot-produce-growth-out-of-thin-air
"It's too simplistic to think that strong regulation impedes growth. In most cases, firm and predictable regulation, coupled with the rule of law, is good for attracting investment."
www.theguardian.comhttps://www.theguardian.com/business/2025/jan/16/memo-for-rachel-reeves-regulators-cannot-produce-growth-out-of-thin-air
"As long as regulators' primary duty is to protect consumers and the public, they have to obey. If parliament reversed the order to prioritise growth, there would be uproar."
www.theguardian.comhttps://www.theguardian.com/business/2025/jan/16/memo-for-rachel-reeves-regulators-cannot-produce-growth-out-of-thin-air
"If Reeves truly wants to change the regulatory mindset, she may have to be precise with her instructions. Issuing remit letters to encourage more risk taking is fine as far as it goes."
www.theguardian.comhttps://www.theguardian.com/business/2025/jan/16/memo-for-rachel-reeves-regulators-cannot-produce-growth-out-of-thin-air
Read at www.theguardian.com
#regulatory-reform #economic-growth #consumer-protection #investment #government-policy
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