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UK's regulatory focus on priority areas to avoid 'boiling the ocean,' minister says

By Jakub Krupa ( November 6, 2024, 11:05 GMT | Insight) -- The UK's decision to pick four priority areas to prove the value of its new Regulatory Innovation Office was "very deliberate" as casting the net too widely would be like "trying and boiling the ocean" with no tangible effects for business, a UK minister said. Patrick Vallance insisted that the new body will have a "real chance of changing the whole system," and ultimately would be extended to other parts of the economy, too.UK companies dealing with AI in healthcare, connected autonomous technologies, engineering biology and space were picked as a priority for the government's new Regulatory Innovation Office to prove there is a "real chance of changing the whole system," a minister said today....

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