The government’s 255-page Industrial Strategy document, published at the end of November, wants regulation to promote and support innovation while ensuring effective protections for consumers and the environment. It also promises a new Ministerial Working Group on Future Regulation to help government with ‘horizon scanning’ and says it will support the new post of Small Business Commissioner. Paul Uppal was appointed in October and will be responsible for sourcing small business advice and helping firms with payment issues and dispute resolution.
Primary Authority will continue to play a large part in the business regulation landscape – with support offered by local Growth Hubs – and Regulators’ Pioneer Fund, which will help regulators develop innovative approaches aimed at getting new products and services to market.
Ben Richards, campaigns and policy executive at CTSI, said: “Next year it will be useful to gain clarity on many of the policies in this white paper that may involve trading standards – including the long-awaited consumer green paper.” In addition, the government has worked with a number of small business organisations to the strategy promises to ‘go further’ on reforming business rates.
“On top of the major reforms to business rates announced at Budget 2016, worth approximately £9bn by the end of this parliament, we will improve the fairness of the system and provide a further £2.3bn of support to businesses over the next five years,” it states.
To read the white paper in full, visit www.gov.uk