Will the Cable plan unravel?
The coalition government’s business secretary, Vince Cable, has outlined his plans to cut the burden of excessive regulation on business. Cable will create a new Cabinet “Star Chamber” whose official name will be the Reducing Regulation Committee which will be chaired by him and will introduce a new approach to regulatory impact assessments.
Their first task will be an immediate review of all regulations in the pipeline for implementation which have been inherited from the previous Government. The cost of implementing this amounts to £5bn annually before April 2011 and £19.1bn per annum thereafter, as identified by the Better Regulation Executive that sits within the Business, Innovation and Skills (BIS) remit (it will be interesting to see what will get the chop – for example additional paternity leave and pay will be costly for business but both parties are committed to extending ‘shared parenting’).
A one in, one out approach to new regulations – Labour were allegedly doing this anyway
What would you do away with in the payroll and HR arena? My vote would be for student loans to be collected through direct debit in the first instance and only payroll as a last resort (they do this for the last 23 months of the loan anyway) and a proper scrutiny of all the paper enquiries that government departments still send to employers when they already have the data in the public domain. Come on, you share our data with the world when you don’t mean to perhaps you could share it to help us instead!?
Kate Upcraft
Payroll writer and lecturer
ISIS Support Services Ltd
kateupcraft@btconnect.com
