'More agile regulation': Government to adopt innovation test to support 'fourth industrial revolution'

The government will pilot a scheme to assess the potential impact on innovation while drawing up and implementing policy, an idea that critics have said could undermine the precautionary principle.

The Regulation for the Fourth Industrial Revolution white paper, published yesterday, outlines how the government expects to evolve regulation over the coming years. As business secretary Greg Clark wrote in its foreword, “The world is changing faster than ever. New technology is creating new industries, changing existing ones and transforming the way things are made. We need a more agile approach to regulation, that supports innovation while protecting citizens and the environment.”

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