Regulators may be given economic growth remit
- Environment agencies ,
- Central government
The business department (BIS) is consulting on proposals that would require regulators to consider how their activities affect the finances of the businesses they regulate
According to BIS, a “growth duty” will enable regulators like the Environment Agency and Natural England to respond more comprehensively to the challenge of stripping back regulatory “burdens” to the minimum and proactively support economic growth by incorporating it into their forward planning.
“The government’s priority is to promote growth in the economy. The regulatory climate is a key factor that impacts upon the willingness of businesses to invest and grow,” commented Michael Fallon, whose ministerial portfolio now straddles BIS and Decc.
The consultation, which closes on 19 April, states that supporting growth is “at best a secondary concern” for some regulators, and that clarifying in law that they “should be” considering the economic consequences of their actions will create a “regulatory environment conducive to growth”.
The proposals follow Lord Heseltine’s recommendations on boosting growth in the UK, published in November 2012.
Nearly all of his suggestions were formally adopted by the government last month, including the requirement that regulators publish the costs and benefits to business of changes to policy and practices ahead of their implementation.
The Competition and Markets Authority (CMA) has published a new 'Green Claims Code' to ensure businesses are not misleading consumers about their environmental credentials.
Over two million hectares of Brazilian rainforest could be legally converted to supply the UK with soy under a new anti-deforestation law proposed by the government, the WWF has found.
In Elliott-Smith v Secretary of State for Business, Energy and Industrial Strategy, the claimant applied for judicial review of the legality of the defendants’ joint decision to create the UK Emissions Trading Scheme (UK ETS) as a substitute for UK participation in the EU Emissions Trading Scheme (EU ETS).
In R. (on the application of Hudson) v Windsor and Maidenhead RBC, the appellant appealed against a decision to uphold the local authority’s grant of planning permission for the construction of a holiday village at the Legoland Windsor Resort.