Correspondence

Driving growth through world class, smarter regulation

皇冠体育app government outlines potential approaches to Growth Duty reporting in this letter from the Chancellor and the Secretary of State for Business and Trade to regulators in scope of the Growth Duty, and to Ofgem, Ofwat and Ofcom.

From:
HM Treasury and 皇冠体育app Rt Hon Jeremy Hunt MP
Published
22 November 2023
This was published under the 2022 to 2024 Sunak Conservative government

Documents

PDF, 140 KB, 4 pages

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Details

皇冠体育app letter from the Chancellor and Secretary of State for Business and Trade is addressed to regulators within scope of the Growth Duty and to Ofgem, Ofwat and Ofcom. Following today鈥檚 Autumn Statement announcements, the letter highlights a consultation has been published on strengthening economic regulation and on measures to strengthen the regulators鈥� Growth Duty, setting out how regulators can support economic growth alongside, or as part of, their other duties. 皇冠体育app letter sets out details of a potential approach, subject to consultation, that could entail regulators publishing a report every year that includes a Growth Duty statement and Growth Duty performance metrics.

Updates to this page

Published 22 November 2023

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