The UKRN has formally responded on behalf of members to Reforming the Framework for Better Regulation, BEIS consultation which closed on 1 October 2021. We look forward to engaging further on the outcomes of the consultation.
The UK Regulators Network welcomes the progress of proposals initially set out in the 2018 Government Green Paper, Modernising Consumer Markets. We support proposals to improve and strengthen the competition and consumer regimes in the interests of enhanced protections for UK consumers, and support the direction of travel of these latest proposals and their objectives.
The UKRN has today published findings from our event held on 17 June, Reflections on the impact of Covid and the way forward. This was attended by Members, Government departments, Trade associations and Consumer bodies, to hear about and discuss the experience and learning from working through the Covid-19 pandemic. Our report captures the key points of discussion and themes, and helps us to understand what this may mean for the future.
UKRN is today pleased to publish its Annual report and new multi-year workplan 2021 In this publication we set out what we achieved last year, and how we will work to improve outcomes for consumers and the economy across the sectors our members regulate, with a focus on three priority areas: Improving outcomes for consumers in vulnerable circumstances or with additional needs Adapting our regulatory approach where appropriate to support the innovation and investment necessary for economic recovery, resilience and growth Strengthening joint regulatory capabilities to meet shared current and future challenges COVID-19 continues to have a significant impact on the consumers and citizens we serve, on our members, and the sectors we regulate. Our approach builds in the ability to respond to changing circumstances as well as ensuring external focus in addition to our inter-member project working. Collaboration between our members on the issues facing the sectors they regulate is more important than ever.
The UKRN publishes Performance Scorecards II UKRN, with the FCA, Ofcom, Ofgem, Ofwat and CCW, have continued to work together to further develop a set of performance scorecards to measure the customer experience across key sectors. Today’s publication, Moving Forward Together – Scorecards II, brings together these scorecards from all four sectors. Each regulator has once again also published their template, plus links to more detailed analysis, on their websites. Understanding the experience of consumers across our sectors, especially during this most challenging of years, remains an important aspect of improving consumer outcomes. Rachel Fletcher, CEO of UKRN, said: “I am very pleased at the way in which our members have continued to work together, building on their extensive sectoral knowledge to create this shared insight. To be able to share this cross sector information, in one place, for the second year, is testimony to the regulators efforts in recognising the important role they can play. I hope this project is helpful to consumer groups and other interested parties in recognising where consumer needs can be best served.” Ensuring regulators work together to measure and improve the consumer experience across our sectors also remains a priority for government. Consumer Minister, Paul Scully said: I am very grateful to the UK Regulators Network and the regulators for compiling this second edition of performance scorecards. Using performance scorecards, consumers can find out which providers are likely to give them the services they need. This enables companies to compete on aspects of service that really matter to their customers. I will continue to work with the UK Regulators Network to support them in this work, and I will encourage the further development of making this information available to consumers. I look forward to this and future editions being a valuable aid to consumer decision-making, and to driving healthy competition. For more information on the scorecards work please contact the UKRN team on firstname.lastname@example.org
UKRN have today published the annual UKRN cost of capital report. This report provides a summary of the most recent cost of capital decisions and analysis by each memberregulator, serving as an easily accessible reference document for those interested in our sectors. It also sets out where regulators share a common approach, and where approaches diverge to reflect differences between sectors, regulatory timings and structures. The report is the product of the UKRN’s cost of capital network. The network brings together specialists from across UKRN members to share expertise and best practice, and to develop shared approaches where appropriate. UKRN members will continue to work collaboratively on these issues, learning from each other, sharing best practice and, where appropriate, aligning our approaches.