Government publishes summary of Employment Law Review for 2011

 

It includes the first Statement of New Regulation, which was published in April 2011 and set out the Government’s plans to reduce the cost to business from domestic regulation.

Also explained is the ‘One in One Out: Second Statement of New Regulation.  The ‘One-in, One-out’ programme covers UK-based regulation. One-in, One-out means any new regulation that imposes a net cost to business must be offset by a reduction in regulatory costs elsewhere.

The One in One Out: Second Statement of New Regulation shows that the costs of business regulations have been capped during 2011, with a gross reduction in costs of over £3 billion. The Statement of New Regulation highlights in particular that the reduction in regulatory costs to business from deregulatory measures exceeds the costs from new regulations. The number of deregulatory measures being brought in during the last six months has tripled when compared to the first half of the year, up from eight to 25. Nine Government departments have reported a reduction in regulatory costs to business during 2011 – 60% of central Government departments.

Every Government Department has also published a summary of the regulatory changes they intend to introduce before December 2011.

As well as the Statement of New Regulation and the Red Tape Challenge, which is a drive to encourage businesses and the public to tell the Government what they think of the regulations on the statute book, further work continues to take place to help the Government’s proactive approach to reducing red tape and improving employment law, both for employers and employees. The cumulative balance for 2011, reported in the Statement, is expected to be a reduction in net regulatory costs to business to the value of £3.27 billion. This is expected to be largely offset by the introduction of pensions auto-enrolment in due course.