Regulation

Government Set to Overhaul Costly Red Tape


Matthew Lesh writes for The Express

IEA Director of Public Policy and Communications Matthew Lesh has written for The Daily Expressing welcoming the government’s new regulatory reform proposals.

Matthew wrote:

Boris Johnson‘s Brexit deal allowed Britain to chart its own course. However, the mere ability to self-govern does not guarantee effective governance; it is the manner in which that power is wielded that determines success or failure.

“In a major new announcement, the government will now lift the threshold for several reporting and audit requirements from 250 to 500 employees.

“This is estimated to save £150 million every year. Regulators will also be expected to consider the implications of their decisions on economic growth.

“These changes underscore the significant economic impact that seemingly small regulatory reforms can have.”

Read Matthew’s full piece here.



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