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
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.