Wednesday 19 December 2012
Government attempts to reduce the regulatory burden faced by business have been welcomed by the British Chambers of Commerce (BCC).
John Longworth, director general of the organisation, described the new 'One-in, Two-out’ regime as a "big step forward" in reducing unnecessary bureaucracy faced by companies.
He was commenting after the publication of the fifth Statement of New Regulation, which informs stakeholders of the regulatory changes to be enforced between January and June 2013.
Mr Longworth said it appears that there has been a reduction in the flow of new red tape affecting companies, and this can only be positive news.
However, he conceded that there is only so much the UK government can do given the volume of regulations stemming from Brussels.
"The SNR figures only apply to regulations that are in scope of the 'One-in, Two-out' system. This means that a significant amount of regulations affecting firms, including EU regulations, are exempt from this process," Mr Longworth explained.
"The system should be reviewed to ensure that relevant regulations are in scope, as this will help to reduce burdensome red tape that acts as a barrier to growth for many firms."
He said companies want to see "meaningful deregulation" that allows them to grow, innovate and create employment.
The volume of bureaucracy hampering firms is still too high," Mr Longworth stated.
"Companies are telling us that the weight of European legislation is making them less competitive in global markets," he added.
"We welcome the efforts being made by the government to work with EU institutions to reduce the EU regulatory burden, but Europe needs to stop living in a bubble and realise that more regulation is not the answer to driving a lasting recovery."
Posted by Dan Smith