The government has committed to leave office having cut the overall burden of red tape. This commitment is being implemented through:
the ‘one-in, two-out’ rule, which means any new regulation imposing costs on business is being off-set by deregulation of an equivalent amount
the ‘Red Tape Challenge’, which is taking a fundamental look at all regulations currently on the statute books
the moratorium on new regulations for micro-businesses and start-ups
We are committed to improving BIS regulation and policies. We aim, where appropriate, for a light touch regulatory environment, with fewer burdens on business, whilst protecting the public, consumers and employees.
BIS, along with all other government departments, must publish a statement of new regulation (SONR) every 6 months. These statements list the new domestic regulations we intend to introduce in that 6 month period that fall in scope of the ‘one in one out’ rule.
Regulations coming info force during the period of a statement should either reduce costs or place no new costs on business.