Governance
Growth Duty
A statutory mandate for UK regulators to prioritize economic growth without compromising core protections.
Definitions (2)
The Growth Duty is a legal requirement for regulatory bodies in the UK to consider and promote economic growth when making decisions and carrying out their functions. This duty is balanced with their primary responsibilities to protect consumers, workers, and fundamental rights, aiming to foster a pro-innovation regulatory environment.
Regulating for Growth BillDefinition 1 of 2
A statutory obligation for certain regulators to consider the potential impacts of their decisions on economic growth, which the Regulating for Growth Bill aims to strengthen by providing a clearer mandate and additional legal measures.
Regulating for Growth BillDefinition 2 of 2