Government kicks off drive to cut regulatory burdens

The government has delivered on several of its promises to alleviate the burden of regulation on business and promote economic growth.

The business department (BIS) published a ‘statement of new regulation’ on 7 April, the first of a six-monthly series. It states that the ‘one-in, one-out’ (OIOO) rule for new regulations requires net costs to business to be cut or remain the same. OIOO does not apply to the number of regulations or any other measure of regulatory burden.