Magazine article Public Finance

Cabinet Office Streamlines Red Tape Regulations

Magazine article Public Finance

Cabinet Office Streamlines Red Tape Regulations

Article excerpt

Ministers this week overhauled departmental guidance on business regulations following claims that red tape is still costing the UK £55bn annually.

Inconsistent governmental regulations had contributed to changes to the Regulatory Impact Assessment regime, announced by Cabinet Office minister Pat McFadden on April 2.

A study by the British Chambers of Commerce, also published on April 2, indicated the scale of the problem.

McFadden has replaced RIAs with a simplified Impact Assessment regime, which will scrutinise legislative and red tape proposals more carefully, to ensure that they are necessary, proportionate and do not impose excessive costs on firms.

All assessments will also be placed online to improve public scrutiny.

McFadden said that the changes would introduce 'clearer guidelines for [departmental] policy makers and... should help ensure that burdens are minimised'. …

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