An article in the Financial Times claims scrapping thousands of regulations will unlikely offer any benefit (£) and could do more harm than good. It goes on to highlight that while divergence from EU laws has been modest so far, plans to overhaul UK data protection laws will leave the UK at "a significant disadvantage". A linked article posted by Jnews also highlights how Rees-Mogg's populist approach will harm not help businesses. Instead, it references a paper from the Chartered Trading Standards Institute advocating a sophisticated UK regulatory framework based on suppleness and proportionality, where "regulators should work collaboratively with businesses to ensure there is a clear feedback loop between the regulated and the regulators". Meanwhile, a Racontuer article reiterates how the government's proposed reforms of UK data protection laws in the name of economic growth are in conflict with maintaining the high standards consumers have come to expect. "The Law Society has warned that any perception of the scales tipping in favour of businesses using personal data for wider reasons at the expense of people's privacy would jeopardise the UK's reputation as a global leader in data protection."
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