At a macro-level, it reinforces prudence and affordability. But at a micro-level, it can be an obstacle to speed, efficiency and innovation.
At the very least, we need an Office for Economic Growth, as proposed by both Kemi Badenoch in her leadership bid and the former Treasury minister, Lord Agnew.
The Government now intends to remove the first 18 clauses of its own legislation and present the Commons with new ones in the autumn.
At a time of pressure on public spending, delivering efficiency savings is especially important.
Lord Agnew’s account of why he decided he must go has not had the attention it deserves.
A brief apology doesn’t justify him remaining in post. It’s now up to him to do so live. This is one for Andrew Neil, assuming he’s available.
Yet the efforts of other local authorities to provide such opportunities have been derisory. Ministers give speeches but the Government has failed to act.
The difficulty is that social workers will be given a veto. Therefore very few children will be given this opportunity.
Voters across the political spectrum are united in their wish to see more done here.