9
In the Spending Review 2021 (SR21), the regulators received funding settlements they believed were sufficient...
Conclusion
In the Spending Review 2021 (SR21), the regulators received funding settlements they believed were sufficient to enable them to fulfil their post-EU Exit regulatory responsibilities. FSA, for example, agreed a £122 million budget covering its work in England and committed to maintaining its 2019 headcount levels, with the exception of growth in staff numbers to fulfil its new responsibilities after EU Exit and to directly employ veterinarians.24 Across its full range of responsibilities, including its new role as building safety regulator, HSE is expecting to grow from around 2,500 staff to between 3,000 and 3,500 over the spending review period. It told us that its SR21 settlement was sufficient to enable it to carry out its role.25
Government Response
A response document is linked to this report, dated 14 December 2022. Response attribution to this conclusion has not been verified. Read the response document.
Source
Committee
Public Accounts Committee
Inquiry
Regulation after EU Exit
Report
Nineteenth Report - Regulation after EU exit
12 Oct 2022
HC 32
Addressee Bodies
HM Treasury
Timeline
Recommendation age
3.9 yrs
Report published
12 Oct 2022