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Government announces ‘one-in, one-out’ business law

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In an effort to alleviate red-tape, the government has confirmed the introduction of a ‘one in, one out’ system for any new regulations that may impose additional costs on businesses.

From September, government ministers will have to identify an existing piece of business legislation to be abolished before a new law is enforced that may incur costs for businesses or the third sector.

According to the government, September’s changes will form part of Business Secretary Vince Cable’s “fundamental shift” in Whitehall’s approach to regulation and its implementation.

“Together these measures represent a fundamental shift in how Whitehall has traditionally used regulation as a way to command and control,” Mr Cable said.

“We have to move quickly delivering credible and meaningful reductions in the burdens that hinder hard-pressed businesses and charities. We have to create a common sense approach in the way we think about new laws.”

In addition to the rule, a panel of business experts will scrutinise all new legislation before it is introduced, including representatives from the Cranfield School of Management, Consumer Focus and the TUC.

The new rule has been designed to apply initially to domestic legislation, with Ministers intending to expand the system in due course and tackle the growing unease over the European Union’s influence on British business.

“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,” added Mr Cable.

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Written by Andrew Hodges

August 10, 2010 at 3:42 pm

Posted in Comment, LinkedIn

Tagged with , ,

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