New Risk & Regulatory Advisory Committee launched by PM
17 Jan '08
1 min read
Commenting on the new Risk and Regulatory Advisory Committee, launched by the Prime Minister, David Frost, Director General of the British Chambers of Commerce, said.
"Regulation and red tape continues to preoccupy our members. Our latest calculation of the cumulative cost of the UK's regulatory burden since 1998 is more than £55 billion.
It is therefore disappointing that the Better Regulation Commission (BRC) is to be replaced with a body that has less business representation and a narrower remit.
"It's vital that there is a powerful independent voice within Whitehall to scrutinise regulation and regulatory policy, but announcement is a retrograde step, which was ruled out by the Government when the BRC suggested it last year”.
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