Non-economic regulators: duty to have regard to growth
This was published under the 2010 to 2015 Conservative and Liberal Democrat coalition government
This consultation has concluded
Download the full outcome
Ref: BIS/13/1018 PDF, 213KB, 25 pages
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Detail of outcome
The government is committed to promoting economic growth and proposed a new duty on non-economic regulators. The 117 consultation responses received tended to reflect the positions of stakeholder groups, with businesses and industry representative bodies strongly in favour. A duty for non-economic regulators to have regard to growth was included in the draft Deregulation Bill, published on 1 July 2013.
This consultation ran from
Seeks views on a new growth duty for non-economic regulators.
There are 50 non-economic regulators with a combined budget of approximately £4 billion and 55,000 employees. There is a strong body of evidence that suggests that they are not consistently achieving both protection and prosperity in the way they operate. This consultation concerns the introduction of a statutory duty for them to have regard to growth. It sets out how such a duty might be applied, and seeks views on how it could work.