Lords committee opens inquiry on regulators and economic growth

The House of Lords Industry and Regulators Committee will begin its new inquiry into the relationship between regulators and economic growth, by hearing from academics.

The session will begin at 10am on Tuesday 4 November and can be followed live or afterwards on Parliament TV or in person in Committee Room 2, Palace of Westminster.

The Committee will hear from: 

• Professor Sean Ennis, 
   Director, Centre for Competition Policy;

• Dame Julia Black, 
   Professor of Law and Regulation, Oxford University (virtual).

Members are expected to ask questions on:

• what regulators can do to support growth;
• the key challenges and trade-offs between growth and other objectives which regulators have;
• the strengthening of the Growth Duty;
• the role the Government can and should play in encouraging regulators to accept more risk;
• the funding of additional resources which may be required by regulators;
• how wider changes in data, technology and AI are changing how companies and regulators operate;
• legislative or policy change needed to reduce regulatory burdens.