UKRN statement on Government’s Regulatory Action Plan

UKRN welcomes yesterday’s publication of the Regulatory Action Plan, which includes 60 pledges from regulators to support the Government’s Growth Mission.

The UKRN strongly believes that regulation has a key role to play in facilitating economic growth and investment, acting as a catalyst for change and an enabler of innovation. We welcome the Government’s recognition of the strengths of the UK’s regulatory regime and the value of operational independence and stability.

As a membership organisation representing a variety of different regulators, including some of the UK’s largest, we will continue to work with our members to deliver a safe and supportive environment for both businesses and consumers. We look forward to working with HMT, DBT, other sponsor departments and wider stakeholders on implementing this Action Plan.