13 June 2011
Waveney MP Peter Aldous today commented on the progress made by the Government over the last 12 months in cutting the burden of regulation on small firms.
The Government’s ‘One In, One Out’ system of regulatory control is designed to change the culture of over-regulation in Whitehall. All Ministers are now required to identify reductions in regulatory costs to business (‘outs’) if they wish to introduce new regulations that have a cost to business (‘ins’). Twice a year, the Government will issue a statement which summarises these ‘ins’ and ‘outs’.
The first statement, for January to June of this year revealed a cut in the number of regulations planned from 157 to 46, with just 11 of these adding to the regulatory cost faced by firms. The other 35 were either zero cost or have costs now matched by savings found from within their sponsoring department.
The Government continues to cap the cost of new regulations and is tackling the stock of existing regulations, ending the ‘gold plating’ of EU regulations that would have cost SMEs £350 million each year.
Mr Aldous said:
“Small business are the life-blood of our economy and it is essential that Government does all it can to remove the regulatory burden they face. Cutting regulation is one part of the Government’s vision for growth to give small businesses the helping hand they need to grow, create jobs and boost our economic recovery.”
The Government’s ‘One In, One Out’ system of regulatory control is designed to change the culture of over-regulation in Whitehall. All Ministers are now required to identify reductions in regulatory costs to business (‘outs’) if they wish to introduce new regulations that have a cost to business (‘ins’). Twice a year, the Government will issue a statement which summarises these ‘ins’ and ‘outs’.
The first statement, for January to June of this year revealed a cut in the number of regulations planned from 157 to 46, with just 11 of these adding to the regulatory cost faced by firms. The other 35 were either zero cost or have costs now matched by savings found from within their sponsoring department.
The Government continues to cap the cost of new regulations and is tackling the stock of existing regulations, ending the ‘gold plating’ of EU regulations that would have cost SMEs £350 million each year.
Mr Aldous said:
“Small business are the life-blood of our economy and it is essential that Government does all it can to remove the regulatory burden they face. Cutting regulation is one part of the Government’s vision for growth to give small businesses the helping hand they need to grow, create jobs and boost our economic recovery.”
