Continuing the red tape war
Cuts. The government claims that it is continuing to push for deregulation, setting a new target to cut red tape on business by £9 billion by 2020. The Home Secretary Sajid Javid has apparently drawn up a hit list of environmental protections he would like to see scrapped.
What’s on the cards? The Small Business, Enterprise and Employment Act 2015 stipulates a need for the government to set a target “in respect of the economic impact on business activities of qualifying regulatory provisions” in the first year of a new parliament. This needs to be met before the next general election which is currently set for May 2022.
In addition. There is also the government’s Business Impact Target, announced in June 2018. This will affect 52 regulators including the Environment Agency and the Drinking Water Inspectorate which will be given their own sub-targets. The full list of affected regulators is given in the Business Impact Target (Relevant Regulators) Regulations 2017 .
Anything for certain? Although public commitments are being made and legislation is being drafted, quite what will change and when, and how businesses will be affected, is unclear. Throwing Brexit into the mix makes a complicated picture even more confusing.
Tip. It’s worth taking note of potential changes, however, don’t get too excited that major cuts to your legislative burden are on the cards - this simply won’t happen.
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