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Business welcomes ‘one-in, one-out’ approach to regulation
Plans to introduce a ‘one-in, one-out’ regulatory system to help tackle the ‘red tape burden’ are being welcomed by some of the UK’s leading business groups.
From 1 September when Ministers seek to introduce new regulations which impose costs on business or the third sector, they will have to identify current regulations with an equivalent value that can be removed.
The measures are aimed at transforming the relationship between people and Government by changing how regulations are drawn up, introduced and implemented.
Announcing the changes, the Business Secretary Vince Cable, said: ‘By ensuring regulation becomes a last resort, we will create an environment that frees business from the burden of red tape, helping to create the right conditions for recovery and growth in the UK economy’.
The Forum of Private Business (FPB), which had previously campaigned for a reduction in the volume of red tape imposed on small firms, has applauded the move.
‘It is good to see the Government pushing ahead with its commitment to improving the regulatory landscape,’ said the Forum's Head of Campaigns, Jane Bennett. ‘The concept of introducing regulations only as they are needed is absolutely necessary given the existing burden on small businesses, but it will require a change in behaviour for many government departments.’
The British Chambers of Commerce (BCC) has also voiced its support for the changes, although added that the new system must ‘show tangible results – so that businesses can see the results as soon as possible’.