Recommendation 76

The Government must keep the secondary objective under review, including the opportunity for legislative change to rationalise the regulators’ statutory objectives. The Government must report to Parliament and this Committee to evidence whether the secondary international competitiveness and growth objective has facilitated growth in the wider economy (including what academic research the Government has undertaken, or intends to undertake, to respond to our concerns set out in paragraphs 231, 256, 307, 332, and 333) within 12 months of the publication of this report; and subsequently on an annual basis.