Feeds

Mandy ditches red tape pledge

Cos what goes up, must always come down

The essential guide to IT transformation

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. ®

Boost IT visibility and business value

More from The Register

next story
Kate Bush: Don't make me HAVE CONTACT with your iPHONE
Can't face sea of wobbling fondle implements. What happened to lighters, eh?
Assange™: Hey world, I'M STILL HERE, ignore that Snowden guy
Press conference: ME ME ME ME ME ME ME (cont'd pg 94)
Caught red-handed: UK cops, PCSOs, specials behaving badly… on social media
No Mr Fuzz, don't ask a crime victim to be your pal on Facebook
Ballmer leaves Microsoft board to spend more time with his b-balls
From Clippy to Clippers: Hi, I see you're running an NBA team now ...
Online tat bazaar eBay coughs to YET ANOTHER outage
Web-based flea market struck dumb by size and scale of fail
Amazon takes swipe at PayPal, Square with card reader for mobes
Etailer plans to undercut rivals with low transaction fee offer
Call of Duty daddy considers launching own movie studio
Activision Blizzard might like quality control of a CoD film
US regulators OK sale of IBM's x86 server biz to Lenovo
Now all that remains is for gov't offices to ban the boxes
XBOX One will learn to play media from USB and DLNA sources
Hang on? Aren't those file formats you hardly ever see outside torrents?
prev story

Whitepapers

5 things you didn’t know about cloud backup
IT departments are embracing cloud backup, but there’s a lot you need to know before choosing a service provider. Learn all the critical things you need to know.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Build a business case: developing custom apps
Learn how to maximize the value of custom applications by accelerating and simplifying their development.
Rethinking backup and recovery in the modern data center
Combining intelligence, operational analytics, and automation to enable efficient, data-driven IT organizations using the HP ABR approach.
Next gen security for virtualised datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.