Speaking at the World Economic Forum Annual Meeting in Davos, the Business Secretary confirmed the UK would establish a new partnership with the World Economic Forum Centre for the Fourth Industrial Revolution, based in San Francisco, to develop future regulation
and then
The United Kingdom is the first country to partner with the Centre for the Fourth Industrial Revolution on this project.
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allowing innovative businesses to work with the regulator to test products with consumers
without having to meet all the usual requirements for compliance
i.e allow businesses to test products without compliance
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The Business Secretary has been leading efforts . . . to transform the UK’s regulatory system towards this agile approach. This involves continuously identifying new opportunities and driving regulatory reform.
and then
and then
i.e allow businesses to test products without compliance
and then
Privatize the gains, socialize the losses.