Liz Referred to as for Single Utilities Regulator
Given digging via the archives of Liz’s former coverage views is well-liked in the meanwhile, Guido thought he’d return via a few of her previous sit-down classes with assume tanks to see what else he might unearth. One coverage proposal from the then-Chief Secretary to the Treasury appears notably related in the meanwhile, given the continuing debate about power and water. In 2018 Liz known as for a single utilities regulator.
Chatting with a fringe assembly of the IEA and Taxpayers’ Alliance, Liz mentioned:
“By way of rules on companies we’ve seen a construct up through the years. One instance I’d use is utility regulation, we’ve received all these completely different utilities regulators, they go into immense element. I’d prefer to see a single regulator so you may have extra free competitors and simply give attention to the important thing financial regulation and monopolies quite than the infinitesimal element they go in to.”
Throughout the management race, the FT has revealed Liz is eyeing up a merger of three completely different monetary regulators – the Monetary Conduct Authority, Prudential Regulation Authority and Funds Programs Regulator – into one single physique. Vince Cable says this coverage could be “harmful“. Centralised or decentralised regulation? Robust one, most likely not the important thing precedence dealing with the nation…
