There is no settled definition of regulation; the concept is amorphous, and there is no clear boundary between regulation, law and policy, but there is almost no part of our economic or civic life which isn’t touched by regulation, says Victoria Hewson, Head of Regulatory Affairs for the Institute of Economic Affairs.

Writing in CapX, Victoria summarises Rules Britannia – the first report published as part of the IEA’s Regulatory Affairs Programme – which goes back to first principles: what is regulation? Why do governments regulate? Do we know what it costs?

Read the full piece here.