Regulatory burden on business must be reduced during downturn
28/01/09 | 10:58
The Anderson Review has been published today and sets out recommendations to improve the quality of guidance government gives to business on new regulations. Commenting on the review, Director General of the British Chambers of Commerce (BCC), David Frost, said:
“It is crucial for the UK's economic competitiveness that the regulatory burden on business is reduced. According to the BCC’s Burdens Barometer, the cumulative cost of regulation on business now stands at £66 billion.
“For too long the government has abdicated responsibility on helping firms comply with new legislation.
“If the recommendations of this review are implemented, it will be a significant step towards reducing the burdens on businesses, especially at a time when firms are focusing on combating the downturn.”
Ends
Media Contacts:
Fiona Cunningham
Tel: 020 7654 5812
Email: f.cunningham@britishchambers.org.uk
OR
Sam Turvey
Tel: 020 7654 5813
Email: s.turvey@britishchambers.org.uk
Notes to Editors:
The British Chambers of Commerce (BCC) is the National Voice of Local Business.
The BCC sits at the heart of a powerful nationwide network of Accredited Chambers of Commerce serving business across the UK, which employ over five million people.