The Department for Business and Trade’s Regulation Directorate (RD) is at the heart of the work in supporting the government’s growth mission. It aims to:
* Reform the stock of existing regulations to minimise bureaucracy and modernise regulation on the statute book
* Ensure the pipeline of regulation is necessary and proportionate, enabling analysis and scrutiny of new regulatory proposals from government departments, via the Better Regulation Framework.
* Ensure independent regulators deliver the right outcomes, with DBT driving a coordinated approach across government.
* Improve economic regulation by ensuring it supports growth and investment, promotes competition, works for consumers, and enables innovation.
When delivered effectively, regulation and the work of regulators plays a vital role in protecting consumers, the environment and setting the right frameworks for businesses to thrive. By enabling better regulation, we will ensure we maintain our high standards but can flex and adapt to the new technologies and challenges that the next few decades will inevitably bring.
Economic regulation is a particularly important subset of all regulation, where regulators use price and competition tools to support/simulate well-functioning markets and incentivise the right outcomes. This type of regulation seeks to address market failures that arise in parts of the value chain, such as natural monopoly. Examples include the regulation of energy, water and telecoms.
Within the Regulation Directorate, the Economic Regulation team supports cross-cutting and strategic conversations across government on issues relating to economic regulation. We are a multidisciplinary team, with analytical and policy arms that work closely together to deliver robust and evidence-based insights. A particular focus of our work is on ensuring that economic regulation delivers the investment in infrastructure that is needed for the UK economy – to support the growth mission.
The Economic Regulation Policy SEO role will make an important contribution to the team’s cross-cutting agenda. The SEO role will support policy input into thinking on the effectiveness of existing models and principles of economic regulation. This will include horizon-scanning and staying apace with the latest developments in the economically regulated sectors, engaging with sponsor departments and regulators as needed to develop a big picture understanding of the key issues.
The role will report directly to the Grade 7 Economic Regulation Policy. There are excellent opportunities to contribute to wider team objectives and corporate activities, with full and varied support for personal development aspirations.
* Developing and applying policy expertise in economic regulation – staying apace with the key developments in economic regulation across government, and applying this to advice, briefings, and thought-leadership papers.
* Building and maintaining relationships – developing positive stakeholder relationships with a range of government and external stakeholders. This will include HM Treasury, DESNZ, DEFRA and DSIT. Within the Economic Regulation team, collaborative working with analysts will be essential to ensure evidence underpins any policy development.
* Identifying cross-cutting issues and developing solutions – proactively identifying areas where there would be benefit in strategic join-up across government, including issues related to investment and infrastructure needs.
* Supporting DBT’s contribution to various cross-government networks on economic regulation, alongside any ongoing policy development related to these.
* Supporting cross-cutting discussions within the Directorate, ensuring that economic regulation considerations feed into summary packs for Ministers and strategic papers for Cabinet Secretariat and HM Treasury.
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