Businesses say one of their biggest problems is the number of new regulations they have to comply with. It costs them time and money.
To reduce the number of new regulations for businesses, the government operates a ‘one-in, two-out’ rule. This helps prevent government policymakers from creating new regulations that increase costs for business and voluntary organisations.
Where policymakers do need to introduce a new regulation, and where there is a cost to business when complying with that regulation, departments have to remove or modify existing regulation(s) to the value of £2 of savings for every pound of cost imposed.
Twice a year we publish a list of:
new UK and EU business regulations that will come into force in the next 6 months
existing regulations that will be removed or modified in the next 6 months
an account of how departments are performing against the rule