Big UK regulators are struggling to adapt to post-Brexit roles, say MPs
Three major UK safety and competition regulators are struggling to adapt to expanded roles after Brexit, leaving businesses and consumers facing increased safety risks and higher costs, an influential group of MPs has warned.
Recruitment difficulties, a shortage of expertise and exclusion from valuable EU information-sharing networks had all contributed to the challenge, according to a report published on Wednesday by the House of Commons public accounts committee.
The Competition and Markets Authority, the Food Standards Agency and the Health and Safety Executive also warned that looming civil service budget cuts, if enacted, would impede their ability to adapt to a post-Brexit regulatory environment that has yet to be defined.
This story originally appeared on: Financial Times - Author:Peter Foster
