Feeds

Mandy ditches red tape pledge

Cos what goes up, must always come down

New hybrid storage solutions

The Department of Business, Enterprise and Regulatory Reform is ending its regulatory budgets scheme to consider the cost of red tape imposed on British businesses.

Regulatory budgets meant government departments were supposed to estimate the total cost for businesses of implementing new regulations. Once a ceiling was reached, of costs imposed within a certain period, government would effectively hold fire on introducing new rules.

Yesterday, Berr quietly dropped this policy.

The British Chambers of Commerce is unhappy with the U-turn. A spokesman said: "A cynic might say putting out this announcement on the day of the G20 meeting was an attempt to bury bad news. The annual burden on businesses continues to grow. We need to start action now to have a benefit as the economy recovers."

The BCC estimates the cumulative cost of regulation at £77bn since 1998.

David Frost, director general of the BCC, said: “This is not the time to scrap regulatory budgets as this is the mechanism that would force departments to take account of the burden of their legislation on business. It is a vital discipline in these current economic times."

But a spokeswoman for Berr said the department was acting to reduce the burden on businesses.

She said: "Introducing regulatory budgets is complex and given the state of the economy we've introduced a package of measures to give more immediate help to businesses instead." These will be focussed on climate change and financial reforms.

About £1bn to £1.5bn in costs from additional regulations is added to business overheads each year, although this total is offset by some financial benefits to business - for instance regulations enforcing energy efficiency will lead to long-term savings.

The BCC statement is here. ®

New hybrid storage solutions

More from The Register

next story
Phones 4u slips into administration after EE cuts ties with Brit mobe retailer
More than 5,500 jobs could be axed if rescue mission fails
Israeli spies rebel over mass-snooping on innocent Palestinians
'Disciplinary treatment will be sharp and clear' vow spy-chiefs
Apple CEO Tim Cook: TV is TERRIBLE and stuck in the 1970s
The iKing thinks telly is far too fiddly and ugly – basically, iTunes
Huawei ditches new Windows Phone mobe plans, blames poor sales
Giganto mobe firm slams door shut on Microsoft. OH DEAR
Phones 4u website DIES as wounded mobe retailer struggles to stay above water
Founder blames 'ruthless network partners' for implosion
Found inside ISIS terror chap's laptop: CELINE DION tunes
REPORT: Stash of terrorist material found in Syria Dell box
Show us your Five-Eyes SECRETS says Privacy International
Refusal to disclose GCHQ canteen menus and prices triggers Euro Human Rights Court action
prev story

Whitepapers

Secure remote control for conventional and virtual desktops
Balancing user privacy and privileged access, in accordance with compliance frameworks and legislation. Evaluating any potential remote control choice.
Saudi Petroleum chooses Tegile storage solution
A storage solution that addresses company growth and performance for business-critical applications of caseware archive and search along with other key operational systems.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
Providing a secure and efficient Helpdesk
A single remote control platform for user support is be key to providing an efficient helpdesk. Retain full control over the way in which screen and keystroke data is transmitted.