Following the exit from the EU, the UK has more freedom to make and implement rules that put UK businesses and consumers first and that aim to boost competition, innovation and growth across the economy.
HM Government is already starting to think about what this may mean in practice and a consultation from the Department for Business, Energy and Industrial Strategy (BEIS), launched on 22 July.
This is as an initial response to the report by the independent Taskforce on Innovation, Growth and Regulatory Reform (TIGRR), exploring a number of recommendations on the UK’s regulatory framework post Brexit, looking at ways to dispense with unnecessary red tape that no longer meets the UK’s needs and enabling innovative companies to trial ground-breaking ideas safely.
Areas examined in the consultation include:
The consultation sets out 5 principles that will underpin the government’s approach to regulation:
The consultation closes on 1 October 2021