Committee publication · Correspondence · 19 March 2025

Letter to the Prime Minister relating to UK regulators and growth, dated 18 March 2025

From: Liaison Committee (Commons)

Summary

The Liaison Committee Chair requests that the Prime Minister's Office share full regulatory responses to the PM's December 2024 letter asking UK regulators to propose five measurable commitments to prioritise growth. The committee intends to use these responses to conduct parliamentary scrutiny of the government's growth strategy across departmental select committees.

Key findings

  • PM wrote to UK regulators on 24 December 2024 requesting five measurable commitments or changes to prioritise growth within tolerable risk levels
  • Liaison Committee seeks full disclosure of regulator responses prior to or concurrent with the government's expected action plan
  • Committee intends to share responses with other select committees and conduct follow-up scrutiny within respective departmental oversight roles
  • Letter emphasises that growth requires collaborative effort between government and regulators

Tone

Procedural

Topics

economic-growthregulatory-reformparliamentary-scrutiny

Key actors

Dame Meg Hillier MP, Prime Minister Sir Keir Starmer, UK regulators, Liaison Committee, Select committees

Notable line

… achieving growth will require a collaborative effort, and we welcome the opportunity to assist in this task

Key Quotes

"prioritise growth" in line with the "central importance" of the growth mission.
Prime Minister (as referenced by Chair) · PM's instruction to regulators in December 2024 letter
… we welcome the opportunity to assist in this task by fulfilling our role as select committees in driving informed parliamentary scrutiny
Dame Meg Hillier MP · Explaining the committee's purpose in requesting the regulatory responses
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Source · parliament.uk record ↗