The 2023 UK National Risk Register
Insights from TPEX consultancy for decision makers.
What are the risks in the UK and what can we do?
Written SH on 2023-08-04.
In future tp . Tagged exrisk security
The process of identifying risk is a diffcult undertaking. It involves a systematic analysis aimed at recognising potential threats and uncertainties that could impede the achievement of goals. Proactive assessment not only aids in pinpointing potential pitfalls but also facilitates the development of appropriate mitigation strategies and contingency plans. Accurate risk identification serves as the bedrock upon which informed decisions are built, enabling stakeholders to allocate resources judiciously, enhance resilience, and capitalize on opportunities in an ever-evolving business landscape.
The risks that meet the threshold for inclusion in the NRR would have a substantial impact on the UK’s safety, security and/or critical systems at a national level.UK Government., 2023. National Risk Register 2023. online.
The current risk register includes 89 risks and makes an interesting read. While obvious risks such as nuclear exchange, pandemic and war feature other risks such as failure of an adult social care provider are also included Risk ID 13.
A complex major provider failure (MPF), characterised by the suddenness of the failure and the number of local authorities and individuals affected, could occur for a number of reasons, such as cost pressures or overindebtedness.UK Government., 2023. National Risk Register 2023. online.
The challenges facing society are complex, interconnected and perhaps overwhelming.
...the rapid collapse of multiple, interconnected ecological systems on which human civilization depends; the unprecedented growth of wealth inequality through the engine of global capitalism...; the rise of fascistic movements weaving together nativism, racism, misogyny, homophobia, and climate denialism in service of klepto-plutarchyBrock, D.C., 2019. Our Censors, Ourselves - Commercial Content Moderation. online.
However as the National Risk Register makes clear resilience and solutions are a society wide effort.
Government cannot tackle these challenges alone; due to our increasingly complex and interconnected world, all of society needs to work together to strengthen our defences and build a more resilient nation.UK Government., 2023. National Risk Register 2023. online.
It also includes suggestions for individuals to consider as well.
There are a number of actions individuals can take to prepare for and respond to risks. It is important for people to consider these in the context of their own specific circumstances and daily routines, as well as the risks they may face when living or working in certain locations.UK Government., 2023. National Risk Register 2023. online.
And a little advice from ChatGPT.
Consider the hidden vulnerabilities that could quietly unravel your efforts, the uncertainties that might cast shadows on your path, and the unexpected turns that could reshape your course. Embracing risk is not an act of recklessness, but a calculated dance with the unknown. It challenges you to envision the landscape from multiple angles, fortify your strategies, and cultivate the resilience to adapt in the face of adversity.
Tenth Person
Maybe disaster and risk brings opportunity? Could such opportunity be prepared for and then used to the advantage of the business?
Future Imagining
Imagine the future and potential risk that could emmerge now so to inform planning and mitigation. How could your business plan now for imaginable risks present within society?
References
UK Government., 2023. National Risk Register 2023.URL.
Brock, D.C., 2019. Our Censors, Ourselves - Commercial Content Moderation.URL.
About TPEX
TPEX offers future imagining and tenth person consultancy for decision makers looking to consider the future, before opportunities are missed. We offer online and in-person consultancy to help your business make informed decisions about the future.