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HM Treasury’s new regulations
28 February 2012
On 26 September the Treasury published the first of what will be twice yearly lists of its new domestic regulations coming in to force. The first report covers the period between June and December 2011.
Background
This Government has committed to being the first in history to leave office having cut the overall burden of red tape. This commitment is being implemented through:
- the One In One Out Policy, which means any new regulation imposing costs on business is being off-set by deregulation of an equivalent amount;
- the Red Tape Challenge which is taking a fundamental look at all regulations currently on the statute books; and
- the moratorium on new regulations for micro-businesses and start-ups.
The Treasury is committed to playing its part in this challenging but necessary agenda.
Every six months, each government department will publish a list of the new domestic regulations it intends to introduce, which fall in scope of the One In One Out policy, known as the Statement of New Regulation. Measures addressing systemic financial risk are exempt from the One In One Out policy and are not included in these lists.
Lists of new Treasury domestic regulations
- HM Treasury’s Statement of New Regulation 3, January – June 2012: no new regulations came into force
- HM Treasury’s Statement of New Regulation 2, June – December 2011 (PDF 151KB)
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