Comprehensive measures that will help deliver the government’s commitment to cut a further £10 billion of red tape have been unveiled at the BCC annual conference by Business Secretary Sajid Javid.
The UK already has the lowest burden of regulation in the G7, according to the World Economic Forum. Businesses from across the country have been responding to the Cutting Red Tape review programme to identify further areas in need of reform.
Business Secretary Sajid Javid said: "This government is delivering on its commitment to free firms from £10 billion of heavy-handed over-regulation and build a more productive Britain. Hundreds of businesses responded to our Cutting Red Tape reviews and we are taking decisive action based on their experiences.
"Whenever we need to introduce new rules, we will consider their impact and make savings elsewhere. Through the Enterprise Bill, we are extending the scope of our deregulation target to cover the actions of regulators, going further than ever before to tackle troublesome red tape."
A One-in, Two-out rule was introduced by the previous administration, which was the first in recent history to reduce the overall burden of regulation on business. The move to One-in, Three-out for new government legislation raises the bar and will help drive delivery of the £10 billion target.
Results from the Cutting Red Tape reviews into the Care, Energy and Waste sectors highlight a range of issues that businesses face when dealing with regulation and its enforcement and implementation.
A new Cutting Red Tape review will look into unnecessary burdens placed on businesses by local authorities, from inefficient complaint procedures to repeated visits and inspections. The review aims to save businesses and local authorities time and money.
The Enterprise Bill, currently before parliament, will extend the £10 billion target for cutting red tape to include the actions of independent regulators and increase transparency through annual reporting requirements. Regulators, businesses and stakeholders can respond to the open consultation on which regulators to bring into scope.
