Q3. People Make The Best Investments.

Q3. People Make The Best Investments.

You chair The Regulatory Reform Group, described as “a caucus of  Conservative lawmakers who have come together to help shape a regulatory  system”, an outfit supported Tracy Blackwell - CEO of Pension Insurance Corporation plc and Chair of the RRG Advisory Council.

In April 2023, RRG presented a report - "The Purpose of Regulation”. It suggested that the lack of democratic oversight of regulators is holding  back UK productivity and economic growth. The proposed solution was to implement a new government committee that would have "significant  powers" over the work of the UK regulators. AKA - those who oversee and  enforce rules to ensure fair competition, consumer protection, and  industry stability.

Centralising powers in a government committee overseeing UK regulators risks systematic abuse in the UK. This includes biased policy making, prioritising short-term gains over long-term stability, creating regulatory uncertainty, causing bureaucratic delays, enabling lack of accountability, succumbing to undue industry influence, and the implementation of unsustainable populist policies, posing a serious threat to effective governance and public welfare. This is an inherent conflict of interest.

Would it not be a more reasonable solution to enlist impartial specialists to enhance regulatory performance underscoring the critical importance of objectivity in fostering financial strength, growth, and prosperity?

Or better yet, invest in comprehensive education, accessible healthcare, affordable housing, green infrastructure, small business support, community development, digital inclusion, environmental conservation, and mental health services as a surefire solution for enhancing economic well being - to empower individuals, creates job opportunities, and propel sustainable development across various sectors, making it the best and most sustainable means for UK productivity and economic growth.

Why is this not being advocated ahead of more government control over our regulatory agencies?