Three ways to fix the regulators and boost growth February 14, 2025 There are signs that tackling regulation is finally getting the focus it needs, but with GDP forecasts looking grim, there’s more to be done, says Leo Ringer The UK is producing world-beating companies in complex, regulated markets like fintech, healthcare, novel foods and autonomous vehicles. But their success is in spite of regulatory frameworks that [...]
Crypto fraud surges after Donald Trump’s re-election February 13, 2025 Crypto platforms have been warned the industry is at a “critical juncture” after a Sumsub report showed a spike in fraud cases. The verification platform’s State of the Crypto Industry 2025 said fraud cases were up 48 per cent, with document forgery making up 31 per cent of detected cases in the last year. Following [...]
City chief to warn UK has become ‘allergic to risk’ February 12, 2025 The UK has become “allergic to risk”, the antidote to which “can’t come soon enough”, Canada’s policy chair will warn in a speech today. Speaking at an annual jamboree on City policy, Chris Hayward will call for a cultural overhaul of how politicians and regulators perceive risk, and propose a slew of [...]
As the US snubs Paris summit, how can we keep AI under control? February 11, 2025 The US and UK have refused to sign a declaration on AI safety at the Paris Summit. Is there a 'third way' for regulation, asks Russ Shaw.
Andrew Bailey: Don’t forget ‘lasting damage’ of financial crisis in push to deregulate February 11, 2025 He stressed his comments were not a "pitch for the necessity and inevitability of more regulation," but insisted that there was no "fundamental trade off" between growth and financial stability.
How does America ‘regulate for growth’? February 1, 2025 Government is not always best placed to get the balance right between protecting the public and reducing burdens on businesses. The US offers a tried-and-tested alternative, says Joshua Flax The news that the Prime Minister and Chancellor recently wrote to regulators asking them to remove obstacles to economic growth raises the question about what “regulating [...]
Chancellor Rachel Reeves ‘won’t apologise’ for reforming UK regulation January 29, 2025 Rachel Reeves has said that she “won’t apologise for wanting to reform how regulation works in Britain” after a major economic speech which saw her back a third runway at Heathrow. The Chancellor unveiled a suite of policies the Treasury said would “kickstart” economic growth, including an “action plan” intended to instil a pro-growth approach [...]
‘Deregulation is essential’: Starmer vows to slash red tape in bid for growth January 29, 2025 Keir Starmer vowed to deregulate Britain and cut through “thickets of red tape” today as he tried to reboot his government’s handling of the economy following months of anaemic growth and criticism from business. In an article for the Times, the Prime Minister wrote “deregulation is essential” and warned investors were shunning the UK due [...]
CMA begins redundancy programme after overshooting budget January 23, 2025 The competition watchdog is planning to slash its head count by around ten per cent after overshooting its budget last year, piling fresh pressure on the body following the sudden exit of its chair this week. The Competition and Markets Authority (CMA), which has faced public anger from the Prime minister and Chancellor over its [...]
Labour’s appeal to regulators is about blame-shifting, not growth January 20, 2025 Labour has appealed to the regulators for ideas to boost the economy, but Britain can’t regulate its way to growth, writes Eliot Wilson After six months of a Labour government, it would be hard to argue the economy is healthy. The economy flatlined in July, August and September, the hike in employers’ National Insurance contributions [...]