The government is dismantling the Financial Services Authority and giving the Bank of England control of macro-prudential regulation and oversight of micro-prudential regulation.

BBC: Treasury Committee

This enabled the Internet to develop successful economic and business models based upon commercially negotiated arrangements rather than being micro managed by regulation.

FORBES: Net Threat: The Dangers From Global Web Regulation

Through an innovative regulatory process set up by the government and the regulator, the main barriers to the deployment of micro-power, such as grid access, are being addressed, and Britain is one of the first countries to have a clear, non-discriminatory access regulation for micro-generators that is supported by the regulator.

ECONOMIST: Private space