Lords regulators and growth report to be published

The House of Lords Industry and Regulators Committee will publish its report ‘Time is money: How regulators can support growth' on Tuesday 12 May.

The report will include the Committee's findings and recommendations following its 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 report is likely to warn that a combination of unclear guidance from Government, legislative restrictions and the need to balance growth with their other duties might result in regulators failing to meet the Government's call for them to facilitate innovation and growth. Any such failure could drive new investment away from the UK. 

It is also likely to conclude that regulators need to provide speed and certainty in their decision making to help businesses make investments.