Source · Select Committees · Public Accounts Committee
Recommendation 13
13
HM Treasury noted that regulators are rarely asked about their role in economic growth by...
Conclusion
HM Treasury noted that regulators are rarely asked about their role in economic growth by parliamentary select committees.28 Only 8% of select committee sessions in the period January 2013 to December 2025 mentioned economic growth.29 Select committees can play an important role in holding regulators accountable, but parliamentary accountability does not replace departmental guidance, governance and oversight. 21 City of London Corporation (RFG0012) 22 Qq 4, 6 and 14 23 Qq 3 and 13 24 Qq 48 25 C&AG’s report, para 9 26 DBT, Regulator KPI dashboard (accessed 1 April 2026); Yemi Oluseun (RFG0003) 27 Qq 43 and 48-49 28 Q 71 29 C&AG’s report, para 2.22 9 Simplifying the regulatory landscape