Brexit & EconomyPoliticsParliament voices OFR displeasure

Parliament voices OFR displeasure

Decision to introduce business review questioned at Westminster

Opposition is continuing to grow among parliamentarians over last year’s move
to scrap the operating and financial review, according to reports.

Treasury committee chairman John McFall questioned in the Financial
Times
whether the decision would actually reduce red tape as ‘a substantial
proportion of the requirements in the OFR are a result of European Union
directives’.

A Lords committee that is reviewing the regulations replacing the OFR also
highlighted potential conflicts between government departments over the switch,
as the OFR requirement was introduced by the DTI ‘and its removal was announced
by the chancellor’.

Environmental pressure group Friend of the Earth is currently challenging the
government’s decision in court, with a hearing expected in Spring.

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