Feeds

Mandy ditches red tape pledge

Cos what goes up, must always come down

Beginner's guide to SSL certificates

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. ®

Top 5 reasons to deploy VMware with Tegile

More from The Register

next story
Facebook pays INFINITELY MORE UK corp tax than in 2012
Thanks for the £3k, Zuck. Doh! you're IN CREDIT. Guess not
Google Glassholes are UNDATEABLE – HP exec
You need an emotional connection, says touchy-feely MD... We can do that
Lawyers mobilise angry mob against Apple over alleged 2011 Macbook Pro crapness
We suffered 'random bouts of graphical distortion' - fanbois
Just don't blame Bono! Apple iTunes music sales PLUMMET
Cupertino revenue hit by cheapo downloads, says report
US court SHUTS DOWN 'scammers posing as Microsoft, Facebook support staff'
Netizens allegedly duped into paying for bogus tech advice
Feds seek potential 'second Snowden' gov doc leaker – report
Hang on, Ed wasn't here when we compiled THIS document
Verizon bankrolls tech news site, bans tech's biggest stories
No agenda here. Just don't ever mention Net neutrality or spying, ok?
Inside the EYE of the TORnado: From Navy spooks to Silk Road
It's hard enough to peel the onion, are you hard enough to eat the core?
prev story

Whitepapers

Cloud and hybrid-cloud data protection for VMware
Learn how quick and easy it is to configure backups and perform restores for VMware environments.
Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
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?
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.
Security and trust: The backbone of doing business over the internet
Explores the current state of website security and the contributions Symantec is making to help organizations protect critical data and build trust with customers.