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 08 August 2007
Confident Consumers - A Fair Deal creating Prosperity & Success for All
 
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Outcomes

We are a key player in an ambitious regulatory reform programme, taking forward recommendations from independent reports by Philip Hampton and David Arculus as well as Better Regulation commitments in the DTI’s Five-Year Programme.

Examples of DTI’s work to reduce burdens include ;

  • Nearly 900,000 companies have been exempted from audit requirements on the accounts, saving companies at £94 million a year
  • Issuing new employment regulations only twice a year
  • Issuing ‘Plain English’ regulatory updates on award-winning Businesslink.gov.uk, which helps business save time and money
  • Cost-benefit analyses are now produced for all new DTI proposals impacting on Business, published on the Internet and submitted to Parliament
  • Consulting with business on all major proposals for a period of at least 12 weeks
  • Jointly worked with Defra in lobbying which helped reduce projected costs of EU chemicals legislation (REACH) by £6 billion

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