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<p>Since it came into effect, the growth duty requires regulators to have regard to
the desirability of promoting economic growth, alongside the delivery of protections
set out in relevant legislation. Guidance has been produced to assist regulators in
fulfilling this responsibility, both at a strategic and operational level, including
the proper consideration that must be made before allocating resources, setting enforcement
policies, and making sanctioning decisions.</p><p>In the Spring Budget, the Chancellor
announced that the government’s new Chief Scientific Adviser, Professor Dame Angela
McLean, will oversee a review of the regulator growth duty.</p>
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