This article contrasts the approaches to deregulation in the United States and the United Kingdom. While the US aims for a radical overhaul, the UK's piecemeal efforts are proving ineffective. The author argues for a systemic shift in the UK, drawing parallels with the US model and proposing key reforms such as halving the number of regulators, introducing dual statutory mandates, and leveraging AI for streamlining rules and compliance.
The writer, an FT contributing editor, is chief executive of the Royal Society of Arts and former chief economist at the Bank of England There is an ocean of difference between the political philosophies of the governments either side of the Atlantic. But along one policy dimension the US and UK are in accord: the desire to deregulate to unshackle business. The task is immense with rule books and regulators having ballooned over the past 50 years. Beyond that the similarities end.
Amid deregulatory rhetoric, new regulatory bricks have been put in the wall, some by design , others in response to public clamour . This clamour will not abate. And as self-avowed champions of working people, ministers will not be able to resist it. A regulatory action plan is scheduled by the UK government for March. Like its growth plan, this has all the makings of a Shakespearean tragedy: sound and fury signifying nothing — or nothing systemic to answer the case.
Policy DEREGULATION UKECONOMY UNITED STATESECONOMY REGULATORY REFORM GOVERNMENTPOLICY
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Amad might need a new permanent position after signing new Man United contractExciting winger Amad signed a new contract with Man United that will keep him at Old Trafford until the summer of 2030.
Read more »
Promotion Chasers: What Leeds, Burnley, Sheffield United, and Sunderland Need for a Top-Two FinishAn analysis of the Championship promotion contenders' needs in the January transfer window. The article focuses on Leeds, Burnley, Sheffield United, and Sunderland, examining their current form, transfer activity, strengths, and weaknesses.
Read more »
Promotion Chasers: What Leeds, Burnley, Sheffield United and Sunderland Need in JanuaryWith the January transfer window open, Sky Sports looks at what the four leading promotion contenders in the Championship need to do to secure their place in the top two. Focusing on Leeds United and Burnley, the article analyzes their current squad, transfer activity and expert opinions.
Read more »
Shearer: Manchester United Need Top-Class Striker in January or SummerAlan Shearer believes Manchester United need to sign a quality centre-forward during the upcoming transfer windows. He criticizes the team's lackluster performance from their strikers, particularly Rasmus Hojlund and Joshua Zirkzee, and emphasizes the need for investment in a top-class forward.
Read more »
Manchester United's Dismal Performance: A Team in Need of a Complete RebuildManchester United suffered their seventh league defeat in 12 games, equaling a 131-year-old record. Manager Ruben Amorim acknowledged the team's poor performance, stating that everyone is underperforming and taking responsibility for the situation. He criticized the squad's lack of quality and called for significant changes. The article highlights the team's weaknesses across all positions, comparing their current state to the worst United sides in history. It also questions the decisions made by the club's hierarchy, particularly the focus on Dutch players and the appointment of inexperienced staff.
Read more »
Manchester United's Crisis: A Team in Need of RebuildingManchester United's performance against Nottingham Forest exposed the team's deep-rooted issues, raising concerns about their current status as one of the worst squads in the club's history. Manager Ruben Amorim candidly acknowledged the team's shortcomings, highlighting the need for immediate change. The article delves into the various weaknesses plaguing the squad, from the goalkeeping position to the lack of attacking threat.
Read more »