The Taskforce on Innovation, Growth and Regulatory Reform has
reported its recommendations to the Prime Minister on how the UK
can reshape regulation and seize new opportunities from Brexit.
In February this year, the Prime Minister asked MPs ,
, and
to explore and recommend ways in which the UK can
reshape its approach to regulation and seize new opportunities
from Brexit with its newfound regulatory freedom, helping to
drive growth, innovation and competition across the UK.
The independent report has been submitted to the Prime Minister
and Government, setting out the Taskforce’s vision for the UK’s
approach to regulation and making recommendations across a range
of areas. These include ideas that could reduce barriers to
start-ups and scale-ups, make the most of cutting-edge
technologies from AI to autonomous vehicles, and ensure the UK
remains one of the best places to do business.
In a letter to the Taskforce, Prime Minister said:
“Thank you so much for your work as the Taskforce on
Innovation, Growth and Regulatory Reform (TIGRR).
“I asked you to re-imagine,
quickly and creatively, the UK’s approach
to regulation and make best use of our recently rediscovered
freedoms. You have more than delivered on that charge, responding
with substantive plans that will really put a TIGRR in the tank
of British business.
“It is obvious that the UK’s innovators and
entrepreneurs can lead the world in the economy of the future,
creating new opportunities and greater prosperity along the way,
and levelling up our whole country in the process. But your
report makes it equally clear that, whether in data reform or
clinical trials, offshore wind or autonomous vehicles, this can
only happen if we clear a path through the thicket of burdensome
and restrictive regulation that has grown up around our
industries over the past half century.
“The Government, through our Better Regulation
Committee, is already hard at work on reform of the UK’s
regulatory framework. Your bold proposals provide a valuable
template for this, illustrating the sheer level of ambitious
thinking needed to usher in a new golden age of growth and
innovation right across the UK.
“So we will give your report the detailed
consideration it deserves, consult widely across industry and
civil society, and publish a response as soon as is
practicable.
“Finally, I want to reassure you that far from being
the end of the process, your work on TIGRR is only the beginning
of our drive to realise the promises of Brexit. I have asked
to drive this critical work forward, creating a new
Brexit Opportunities Unit at the heart of government to engage
across society, academia, and industry, generating new ideas and
acting as a counterweight to Whitehall orthodoxy.
“Your report shows what a fully sovereign United
Kingdom can achieve given sufficient ambition and vision on the
part of its government. I look forward to drawing on your work in
the months and years ahead as we build back better than ever
before.”
The Government will consider and respond to the report’s
recommendations in due course.
