BCC slates government red tape policy
Dec 19 2011
The BCC have commented on the government's approach to red tape
The government’s new regulatory architecture for businesses is ‘inconsistent and lacks transparency’, according to the British Chambers of Commerce (BCC).
The BCC has issued a report into the progress made by the government to improve regulatory policy and reduce the effects of red tape on business.
Regulation can substantially affect businesses’ ability to grow, innovate and create employment, and only substantive reductions in regulatory burdens will make a genuine difference to British businesses, says the organisation, which feels that businesses are still expected to comply with a huge volume of regulation.
Too much inconsistency between the regulatory processes of different government departments is also highlighted as a flaw.
Commenting on the report, BCC director general John Longworth says, ‘Regulation affects businesses every day. While some regulation is necessary to improve markets, an excess can add unnecessary burdens and hinder growth among businesses.
‘Needless regulation creates uncertainty, and damages productivity, distracting firms from innovation and expansion. It is crucial that the drive to reduce the regulatory burden is treated as importantly as all other aspects of economic policy.’
Longworth adds that having no single ministerial ‘guardian’ to make sure regulation is being delivered is detrimental.
‘Only substantive and real reductions in the regulatory burden will give companies confidence and enable them to plan for future growth with certainty and clarity,’ he concludes.
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