UK Regulator Sounds Alarm on Deregulation Risks to Economic Growth
2025-01-17
MSN
The UK's finance watchdog has cautioned the government that its push for reduced regulation to boost economic growth may lead to increased risks, resulting in more business failures and harm to consumers. This approach, while intended to stimulate growth, may ultimately compromise consumer protection and financial stability. As the regulator navigates this delicate balance, it must weigh the benefits of deregulation against the potential costs, including increased financial risk and potential harm to businesses and individuals. Key considerations include financial regulation, economic growth, and consumer protection.
