The Government has announced details of its new 'one-in, one-out' approach to regulation. From 1 September 2010, Ministers will not be allowed to introduce new regulations imposing costs on business or the third sector without identifying current regulations with an equivalent cost to be removed. Regulations made in response to emergencies or to address systemic financial risks will be excluded from the rule. The Government has also confirmed in response to comments on its 'Programme for Government' that it is reviewing specific areas of burdensome regulation such as employment law and health and safety.
Many thanks to Thomson Reuters Global Resources and Incomes Data Services 2010 for reporting this.
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