Vince Cable pledges to tackle red tape issues for British business
09 August 2010
Business secretary, Vince Cable (pictured) has announced a package of measures to support the drive to tackle unnecessary government interference and red tape. Under the terms of a new One-in, One-out system (beginning September 1 2010), when ministers seek to introduce new regulations that impose costs on business or the third sector, they will have to identify current regulations with an equivalent value that can be removed.
The new rule has been designed to apply initially to domestic legislation affecting businesses and the third sector, with ministers intending to expand the system in due course. The Government has also agreed a set of Principles of Regulation that its departments must apply when considering new regulations impacting upon business, social enterprises, individuals and community groups.
The independent Regulatory Policy Committee has been asked to perform the role of externally scrutinising the evidence and analysis supporting new regulatory proposals, prior to policy decisions being made. It will also analyse proposals for the implementation of EU legislation. In doing so, the RPC will help drive up the accuracy and quality of Impact Assessments.
The public and businesses have also been invited to tell the government which onerous regulations they believe should be removed or changed through the 'Your Freedom' website, launched in July by the Deputy Prime Minster.
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