The House of Lords Industry and Regulators Committee, chaired by
Baroness , has issued a call for evidence for its
new inquiry into the relationship between regulators and economic
growth, in light of the Government's ambition for regulators to
support investment and innovation and drive growth.
The Committee is seeking evidence from regulators, economists,
academics, industry experts, consumers, campaigners and other
relevant stakeholders on a number of questions, including:
- What is the role of regulators in supporting and promoting
economic growth?
- What barriers, if any, are regulators putting in the way of
economic growth?
- How are regulators expected to balance the growth duty with
their other objectives?
- Is it possible to make regulatory processes quicker and
cheaper while maintaining the same level of protection to the
public and the environment?
- Do regulators have the resources they need to be able to
adequately support growth and innovation in general, and through
specific measures such as proposed “fast lanes”?
- Can regulators work together where needed, and do they act to
avoid duplication or inconsistency in how they regulate?
- Are regulators using data, digital technology and artificial
intelligence to improve their efficiency and productivity?
- How do UK regulatory systems compare to others
internationally? Who should the UK look to for good practice in
regulatory design and operation?
Baroness , Chair of the Industry and
Regulators Committee, said:
“The Government has indicated its view that regulation can be an
essential tool to promote growth and investment and to address
economic, societal and environmental risks.
The Committee wants to gather evidence on the role of regulators
in relation to economic growth, how any changes to further
prioritise growth might impact on their other duties and
responsibilities, and how regulators are responding to the
Government's Action Plan on regulation.”
The complete list of questions, plus details how to submit
evidence by the deadline of Friday 9 January
2026,can be found on the Committee's website.
