BIG UK REGULATORS ARE STRUGGLING TO ADAPT TO POST-BREXIT ROLES

On 11 October, the Financial Times reported that the House of Commons Public Accounts Committee found that 3 major UK safety and competition regulators are struggling to adapt to expanded roles after Brexit, leaving businesses and consumers facing increased safety risks and higher costs.  The Public Accounts Committee says UK regulators are “struggling to recruit and retain the skills they need to regulate effectively” in their new and expanded roles post EU exit.  Progress on developing long-term regulatory strategies post-EU Exit has been slow, and the future direction of UK regulation still unclear.

https://www.ft.com/content/8ef94ac8-b074-4071-9bd7-96c526020930

https://committees.parliament.uk/committee/127/public-accounts-committee/news/173453/delays-to-postbrexit-regulation-posing-risks-to-uk-consumers-and-businesses/

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