Comment
With the power to create our own laws we can take the lead in high-tech industries of the future
Senior Tory MPs are urging Boris Johnson to junk the precautionary principle which they warn is stifling British businesses
15 June 2021 • 10:30pm
In an age of extraordinarily fast technological change, the freedom to set our own regulatory standards offers huge opportunities.
As the EU has expanded, its internal processes have become slower and more bureaucratic and its approach to the ‘Precautionary Principle’ has become an excuse for neglecting the role of regulation in economic competitiveness.
Taking back control over making our own laws in this country means we can adapt regulation to reflect our national interest. Leaving the EU means our regulatory decisions are no longer dependent on lengthy negotiations and compromises with 27 other countries.