Better Regulation
Perhaps it was a little over-shadowed by the release of Ofcom’s Broadcast Code this week, but I wanted to call attention to the Treasury’s Better Regulation Action Plan ~ an initiative that can best be described as a pro-business / pro-growth and de-regulatory agenda for the regulatory sector.
So, folks, in this new attempt to rescue the Lisbon agenda (jobs and growth in the Eurozone), everyone should know the new buzz-phrases. We expect to see Ofcom consultation documents filled with references to:
‘Less [regulation] is more’
‘A risk-based approach to regulation’
‘One-in-one-out regulation’
And my favourite: ‘Not just a light touch but a limited touch’
Another interesting feature of the Treasury’s plan is that the UK is apparently going to create a mechanism by which deregulation proposals by businesses must be acted-on within 90 working days.
We’ll keep an eye on this…
