Government to go further to cut red tape by £10BN

Comprehensive measures that will help deliver the Government’s commitment to cut a further £10 billion of red tape were unveiled at the BCC annual conference by Business Secretary Sajid Javid.

The UK already has the lowest burden of regulation in the G7, according to the World Economic Forum. Businesses from across the country have been responding to the Cutting Red Tape review programme to identify further areas in need of reform.

Business Secretary Sajid Javid said: “This Government is delivering on its commitment to free firms from £10 billion of heavy-handed over-regulation and build a more productive Britain. Hundreds of businesses responded to our Cutting Red Tape reviews and we are taking decisive action based on their experiences.

“Whenever we need to introduce new rules, we will consider their impact and make savings elsewhere. Through the Enterprise Bill, we are extending the scope of our deregulation target to cover the actions of regulators, going further than ever before to tackle troublesome red tape.”

A One-in, Two-out rule was introduced by the previous administration, which was the first in recent history to reduce the overall burden of regulation on business. The move to One-in, Three-out for new Government legislation raises the bar and will help drive delivery of the £10 billion target.