171 Users Online

Home | Business | Directory | Forum | Jobs | Lifestyle | News | Tourism | What's OnContacts

Peterborough Community Website - Home

Peterborough UK
22:33 on Wednesday
23 July 2008

Business Focus Exhibition - 8 October 2008


Evenin'! Thanks for visiting www.peterborough.net!

Advertise here for six months - only £100!

Get your copy of Wising Up!

Lincolnshire Coast Online - more than just the seaside

Chamber report a damning indictment

Business | Press | News

A report published by the British Chambers of Commerce has revealed that successive Governments have failed fulfill their promises to reduce the regulatory burden placed amongst businesses.

In the first ever study into the deregulatory efforts of both Conservative and Labour governments, researchers have discovered a recurring failure to follow through announcements and initiatives with action that actually delivers a lower regulatory burden for business.

John Bridge OBE, Chief Executive of Peterborough Chamber of Commerce, said: “This report is a damning indictment of both Labour and Conservative administrations’ attempts to ease the regulatory burden on business. Announcements and initiatives have not been followed through with action. Instead it appears yet more red tape has been foisted upon business, hindering the competitiveness of the UK in the global economy.

“A survey of leading businesses at Davos listed red tape as the major threat to business in 2007. The Government must ensure that it learns from previous failures and actually delivers on reductions in red tape.”

‘Deregulation or Déjà vu? UK Deregulation Initiatives 1987/2006’ has been constructed by Tim Ambler, London Business School and Francis Chittenden, Manchester Business School.

The key findings within the report are:

  • Both Conservative and Labour administrations approach deregulation with apparent enthusiasm, learn little or nothing from previous efforts and have little if anything to show from each initiative.

  • There have been 15 deregulation initiatives since 1985: the 1995, 2001 & 2006 Acts are the major ones.

  • The 1994 Act identified 605 proposals for reform yet produced only 26 deregulations over the following four years. On closer study, the authors explain the real number may actually be less than 10.

  • The 2001 Act produced 63 deregulatory opportunities yet only 27 deregulations were introduced over the next four years. At the same time business was hit by over 600 new regulations.

  • After reviewing the history, the authors conclude that the Regulatory Reform Act 2006 is likely to produce the same results as Whitehall has already started to undermine the initiative by manipulating targets and double-counting.

  • The authors estimate that halving existing business regulation could release £50bn per annum of wealth into the UK economy, equal to approximately £700 per person in the UK per year.

Authors Tim Ambler, Senior Fellow at London Business School, said: “This paper is a tale of bureaucratic incompetence. Business is being fobbed off with good intentions and no performance.”

The authors of this report also produce the annual Burdens Barometer on behalf of the BCC. The 2006 Barometer showed the cost of regulation to British Business to be over £50 billion.

February 2007 - Peterborough UK Community Website




PNet Directory
Search for local links


(Titles Only)

Cambridgeshire Chamber of Commerce


UK Business News Headlines
Local Engineering News

 Last Viewed Page