| The
Government's April 2004 budget speech contained an important
section on the Government's policy on 'Regulation'.
The
main points are as follows:
| • |
This
year, each Government department will report on
their 'regulatory performance' |
| • |
The
Better Regulation Task Force (BRTF) will analyse
these reports. To read about the BRTF, click
here |
| • |
Each
Department's regulatory performance will be taken
into account in the 2004 Spending Review.(nb:
this has now happened) |
| • |
The
Government has accepted all recommendations of
a recent report by the Better Regulation Task
Force called "Imaginative Regulation"
- to read about this click
here - and will now now promote "the
use of alternatives to regulation" across
Whitehall and the wider public sector |
| • |
In
future, any regulatory proposal likely to impose
a major new burden on business will require clearance
from the Panel for Regulatory Accountability,
chaired by the Prime Minister, based on a thorough
impact assessment of the proposal agreed by the
Cabinet Office Regulatory Impact Unit, before
the proposal is put to wider Ministerial approval. |
| • |
The
Panel will consider all such proposals in the
context of Departments’ "previous regulatory
performance and the overall burden of regulation
across key business sectors". |
| • |
The
Government has asked Philip Hampton, former finance
director of Lloyds/TSB, BT and British Gas, to
consider, with business, regulators, and in consultation
with the Better Regulation Task Force, the scope
for promoting more efficient approaches to regulatory
inspection and enforcement while continuing to
deliver excellent regulatory outcomes.
To read more about the
Hampton Review, click
here |
To
read the full section from the Budget Report, click
here.
To
see the full budget report on the Treasury Website,
click
here
|
