Business Group Questions Government’s Red Tape Savings Claim

Business Group Questions Government’s Red Tape Savings Claim

The Government’s claim to have capped the cost of red tape in 2011 doesn’t include key regulations that could cost businesses £1.5 billion, the British Chambers of Commerce (BCC) has said. The twice-yearly Statement of New Regulation monitors the progress of departments in delivering the Government’s deregulation programme. It forecasts a net saving of £3.243 billion in red tape costs by the end of 2011. However, the forecast does not include the Agency Workers Directive (AWD) which the BCC claims will cost businesses £1.5 billion to implement. The AWD will be introduced along with other new business laws on 1 October. “It is good news to see that the list of regulations to be introduced this October is shorter than it has been in previous years.&r... »