View more on these topics

Less regulation promised

Gordon Browns budget promised a reduction in the burden of business regulation in response to the Hampton Review, published today.
The Hampton Review, commissioned in the 2004 budget, called for the reduction of inspections of businesses by a third, over one million less a year. This will be accompanied by tougher penalties for companies who persistently break the rules.
The Review also called for the reduction of regulators that businesses have to deal with. Brown said he will reduce 35 agencies to just 9.
Brown said: “Instead of a one size fits all approach which can mean that unnecessary inspections are carried out while necessary ones are not carried out, the best practice risk-based regulation now means more inspection only where there is more risk and a light and limited touch where there is less risk.”

Recommended

NU strives for 20% market dominance

Norwich Union will remain the dominant player in life and pensions and will increase its market share to 20 per cent over the next few years, claims the firm’s UK chief executive Gary Withers.

The class of 2005

The political rumour mill is buzzing with speculation about when exactly the general election will take place.

Investment view

Investors who spot opportunities and get into a sector early can get big returns but can face big risks, says BRIAN TORA

Investment Forum

Position Portfolios for a Changing China, Accelerating Disruption and More Political Discourse Is China an asset class? Why Investors’ Understanding of China is Changing How is disruption changing the way we invest? Established Ways of Doing Business Are Being Challenged What to Watch: Why politics matters more than ever in 2017 Key takeaways: Despite volatile […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment