Regulation Bill Major Step Forward
03/02/2006
The Chamber, which represents businesses in Bedfordshire and Luton, says a new government bill on reducing the burden of regulation on businesses in the UK is a major step forward.
Commenting on the publication of the Legislative and Regulatory Reform Bill, Cheryl Smart, Commercial Director of the Chamber said:
"Our members tell us that complicated and costly regulations are one of the main barriers to business growth, especially for smaller companies. The new measures in this Bill are long overdue."
"Businesses will welcome the new risk based approach to regulatory inspections, the reduction in the number inspections and in the number of regulatory agencies. However, it is essential that the new structure does not create bureaucratic super agencies but actually leads to less burdens being placed on employers."
Added Cheryl Smart: This Bill needs to make a real difference that employers will notice in the day-to-day operation of their business. Our figures show the cost of complying with regulation is still rapidly rising with an extra £38.9bn of regulatory costs added on business since 1998.
"Employers will now be looking for the Government to implement its full programme. The Government must set specific targets across all Departments to achieve a NET reduction in the cost of complying with regulation."
