Excessive risk aversion debate: fact or fiction?

A recent report from the Better Regulation Commission (BRC) has suggested that the UK has become a risk-averse nation that over-protects and over-regulates. It concluded that as a nation we no longer manage risk; we try to eradicate it.

The BRC’s report says that politicians are prone to knee-jerk legislation and controls: so far this year, there have been 33 new acts of Parliament and more than 1,000 extra statutory regulations.

The issue of excessive risk aversion has gained muc... (615 more words)

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