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News - 10 April 2012

New business regulation body launched.

The Government has launched The Better Regulation Delivery Office (BRDO) which will sit within the Department for Business Innovation and Skills (BIS) as a new independent body designed to encourage stronger engagement between Local Authority and businesses in policy and red-tape decision making.

In a statement regarding the BRDO, the Government said that business regulation needed to be clear and easily understood to encourage investment, growth and citizen protection.

The BIS also said that the establishment of the new body will be more cost-effective than the monitoring process already in place, amongst its aims are to improve regulation experience for businesses, councils and citizens by:

Operating and extending Primary Authority so businesses can work in close contact with their
local authority.
Simplifying the delivery of new or changing regulations by advising ministers.
Creating a new business forum to promote engagement.
Working with Local Enterprise Partnerships to improve local regulation.

Tonmoy Kumar, Manager of the Accounts Department of ABDS says:

“Working alongside the Better Regulation Executive, I hope they will help deliver a coherent programme of regulatory reform, and help British firms get on with running their business."

If you need any help and advice on Business Plans, Management Accounts, Budgets and Cash Flow Forecasts, contact Lavinia Newman, Stuart Coleman or Tonmoy Kumar NOW to discuss how ABDS can help in all your financial planning.

ABDS Chartered Certified Accountants of Southampton.
Tel: 023 8083 6900  E-mail: abds@netaccountants.net

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