Does regulation support economic growth or it just red tape?

Regulation has become a political football on both sides of the Atlantic with red tape being cast as the major inhibitor to economic growth. This session will explore the truth of this statement using UK examples starting with the core principles of better regulation which were used as a touchstone for the last UK Government and cross government policies including "one in one out", reducing administrative burdens and regulatory budgeting.The experience of attempts by the current government to reduce red tape and the tensions between European Union regulation and UK regulation will be explained. The success or otherwise of these initiatives will be evaluated. This is contrasted with business views of regulation and how regulators are continuing to provide protection to both the public , workers and companies by aligning their work to the economic growth agenda. This is finding favour with both large and small businesses and examples of initiatives including advice for inward investors, life cycle regulatory support and working with business facing organisations will be covered. Dependent upon who the President is, reference will be made to the USA programme and lessons which can be transposed between the 2 continents. How professional bodies can advocate for sensible regulation will also be covered.