Regulation isn’t cost-free and not every problem can be fixed with a new rule Opinion Politicians all too often reach for the regulation lever because “something must be done” – it could be costing businesses £70bn a year, says Cory Berman As of this September, all new building applications over 18 metres must include a second staircase. The rule was introduced after the horrific Grenfell Tower tragedy, to improve building [...]
Business groups warn against axing ‘fundamental’ red tape watchdog Regulation Some of Britain’s largest business groups have urged the business secretary not to scrap a body responsible for scrutinising business regulation, saying it plays a “fundamental” role evaluating the impact of red tape on British firms. The intervention comes as the Department for Business confirmed to City AM that ministers are “considering the role” of [...]
‘What do they have to hide?’ Ministers must not scrap regulatory watchdog Opinion The Regulatory Policy Committee keeps a close eye on government red tape, and scrapping it would be a serious mistake – says Andrew Griffith. Red tape is strangling British business. A survey just out from the Federation of Small Businesses has found small firms and entrepreneurs collectively spend 379 million hours a year complying with [...]