Academic journal article Manager

UK Government Launches Better Regulation Action Plan

Academic journal article Manager

UK Government Launches Better Regulation Action Plan

Article excerpt

In a move, which could eventually ease the regulatory and administrative burden for managers in many private and public sector organisations, the UK Chancellor of the Exchequer, Gordon Brown, has launched a Better Regulation Action Plan to boost flexibility and enterprise.

Said Mr. Brown, "In the old regulatory model -which started in Victorian times - the implicit regulatory principle has been 100% inspection of premises, procedures and practices, irrespective of known risks or past results. The theory has been to inspect everyone continuously, demand information wholesale, and require forms to be filled in at all times, the only barrier to the blanket approach a lack of resources.

"The new model we propose is quite different. In a risk based approach, there is no inspection without justification, no form filling without justification, and no information requirements without justification. Not just a light touch, but a limited touch. Instead of routine regulation attempting to cover all, we adopt a risk based approach which targets only the necessary few.

"A risk based approach helps move us a million miles away from the old assumption - the assumption since the first legislation of Victorian times - that business, unregulated, will invariably act irresponsibly. The better view is that businesses want to act responsibly. Reputation with customers and investors is more important to behaviour than regulation, and transparency - backed up by the light touch - can be more effective than the heavy hand. " Mr. Brown went on to explain what this means in practice, namely how to ensure a million fewer inspections every year (a reduction of one third) and a 25% reduction in form filling. …

Search by... Author
Show... All Results Primary Sources Peer-reviewed

Oops!

An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.