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06 Aug 2008
A scheme designed to restrict red tape costs for business is to come into effect from the next financial year.
The new plan has been announced to cap any increase in the cost of red tape for business for three years.
According to The Financial Times, the government will consult on a unique scheme to set 'regulatory budgets' for each Whitehall department.
The three-year budgets would ensure that the government could introduce new regulations only if it first axed ones that cost business at least an equivalent amount. Measures to tackle climate change will be excluded from the plan.
The new controls are expected to come into effect from April 2009.
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Briefings
By looking at the reasons supplier statements became unfashionable, and the reasons why it is different today, this paper delves into the many benefits that can be obtained by automating the process.
Having a real and true view of your organisation’s current financial position, and having the right systems and processes in place, will ensure that you can make strong choices and are ready to capitalise on opportunities
AccountancyAgeInsight is a frequently updated resource centre for finance professionals, offering a free and easy-to-use digital library of briefings, white papers and other information resources. 
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