The Innovation, Growth and Regulatory Reform Task Force has reported 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 advised Sir Ian Duncan Smith, Theresa Villiers and George Freeman to explore and recommend how the UK could restructure its approach to regulation and seize new opportunities from Brexit through the newly discovered regulatory freedoms. asked to do. Driving growth, innovation and competition across the UK.
An independent report has been submitted to the Prime Minister and Government, setting the task force’s vision for the UK’s regulatory approach and making recommendations in a variety of areas. These include the idea of reducing barriers to startups and scaling, making the most of cutting-edge technologies from AI to self-driving vehicles, and allowing the UK to remain one of the best places to do business.
In a letter to the task force, Prime Minister Boris Johnson said:
Thank you for serving as the Innovation, Growth and Regulatory Reform Task Force (TIGRR).
We call on the UK to quickly and creatively reimagine its regulatory approach and make the most of its recently rediscovered freedom. You provided more than that responsibility, responding with a practical plan to actually put the TIGRR on the tanks of the British business.
It is clear that British innovators and entrepreneurs can lead the world in the economy of the future, create new opportunities and greater prosperity, and level our entire country in the process. But, your report says, this can only happen if it goes through the thickets of burdensome and restrictive regulations that have grown in our industry in the past, whether it’s data reform or clinical trials, offshore wind or autonomous vehicles. half a century.
The government is already working hard to reform the UK’s regulatory framework through a better regulatory committee. Your bold proposal provides a valuable template that shows the level of ambitious thinking needed to usher in a new golden age of growth and innovation across the UK.
We will therefore provide detailed consideration of your report, have broad consultations across industry and civil society, and post an answer as soon as possible.
Finally, we would like to reassure you that your work on TIGRR is not the end of the process, but only the beginning of our drive to realize Brexit’s promise. I asked Sir Frost to advance this important work, creating a new Brexit Opportunity Unit at the heart of government, generating new ideas across society, academia and industry, and acting as a counterbalance to Whitehall orthodoxy.
Your report shows what a fully sovereign UK can achieve given the sufficient ambitions and visions of the UK government. We look forward to drawing your work in the months and years to come so we can build better than ever.
The Government will consider and respond to report recommendations in a timely manner.
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