Feeds

Mandy ditches red tape pledge

Cos what goes up, must always come down

Build a business case: developing custom apps

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. ®

The Power of One Infographic

More from The Register

next story
BBC goes offline in MASSIVE COCKUP: Stephen Fry partly muzzled
Auntie tight-lipped as major outage rolls on
iPad? More like iFAD: We reveal why Apple fell into IBM's arms
But never fear fanbois, you're still lapping up iPhones, Macs
White? Male? You work in tech? Let us guess ... Twitter? We KNEW it!
Grim diversity numbers dumped alongside Facebook earnings
HP, Microsoft prove it again: Big Business doesn't create jobs
SMEs get lip service - what they need is dinner at the Club
Bose says today IS F*** With Dre Day: Beats sued in patent battle
Music gear giant seeks some of that sweet, sweet Apple pie
Amazon Reveals One Weird Trick: A Loss On Almost $20bn In Sales
Investors really hate it: Share price plunge as growth SLOWS in key AWS division
Dude, you're getting a Dell – with BITCOIN: IT giant slurps cryptocash
1. Buy PC with Bitcoin. 2. Mine more coins. 3. Goto step 1
There's NOTHING on TV in Europe – American video DOMINATES
Even France's mega subsidies don't stop US content onslaught
prev story

Whitepapers

Top three mobile application threats
Prevent sensitive data leakage over insecure channels or stolen mobile devices.
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.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Designing a Defense for Mobile Applications
Learn about the various considerations for defending mobile applications - from the application architecture itself to the myriad testing technologies.
Build a business case: developing custom apps
Learn how to maximize the value of custom applications by accelerating and simplifying their development.