The UK government has been discussing the need for regulation, highlighting its potential to hinder investment and innovation, thus slowing down growth.
According to Dan Corry, former head of the No.10 Policy Unit, "Smart, pro-growth regulation is needed."
Effective regulation should be something to be proud of.
Corry, who recently conducted a review of regulation at Defra, notes that the government has taken some steps to address these issues, with hopes for further improvements.
Author's summary: UK regulation needs improvement for growth.