Industry and Regulators Committee
17 March 2026
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Industry and Regulators Committee House of Lords
00:05 - 01:44
Speaker 1
Well, good morning everyone and welcome to this evident session of the industry regulators committee on regulators and growth. And this meeting is being broadcast via the parliamentary website. This morning, we're hearing evidence from Lord Livermore, financial secretary at his Majesty's Treasury, and Jessica Glover, director general, growth and productivity at His Majesty's Treasury. A transcript of the meeting will be taken and published on the committee website. So you will have the opportunity to make corrections to the transcript if you consider that necessary.
But can I say welcome and thank you very much for coming? Particularly given the turbulence demanding the Treasury's attention at the moment, it's pleased to see that you've been able to find the opportunity to come and talk to us. Hopefully you've had an indication of the kind of issues that the committee want to raise and I will be going round and inviting colleagues to put their question. Maybe I can begin with sort of a more broader general question to you, the minister. The treasury published the action plan and is accountable for its delivery.
So can you explain to the committee how the action plan on regulation will lead to GDP growth and the extent to which the government has a clear view of the impact of regulators and regulation on growth?
01:46 - 02:10
Speaker 2
Thank you for your question, and thank you for having me at the committee today. I appreciate the opportunity to speak with you. I think we do have in the treasury a clear view of how regulation can impact growth, both positively and potentially negatively. I think, I wouldn't say all regulation is created equal. There are good regulations in terms of growth, there are there are bad ones.
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