Source · Select Committees · Business, Innovation, Science and Trade Committee
Recommendation 4
4
Safeguarding economic security will always involve calculated trade- offs.
Conclusion
Safeguarding economic security will always involve calculated trade- offs. Principles will often conflict. No government therefore can eliminate all ambiguity for businesses and policymakers. This is where political leadership is crucial. It is for the Government to set out how it has chosen to make trade-offs and to prioritise between different principles in any given situation. In turn, it is for Parliament to scrutinise the choices made by Government, to challenge and ensure democratic legitimacy. (Conclusion, Paragraph 22)