The review will be led by former head of the Government’s Better Regulation task force Sir David Arculus and will look into where the current regulatory system goes wrong and how it could work better to provide people with both protection as well as the freedom to innovate and excel.
Shadow secretary of state for business Alan Duncan says: “After ten years of Labour, British business is groaning under the weight of an excessive state whose first instinct is to reach for the rulebook and regulate.
“Not only is this mentality frustrating and expensive for businesses, it is also beginning to affect our competitiveness. We need a thorough intellectual overhaul of what has become a very stale area of policy.”
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