Enterprise and regulatory reform bill: policy paper

Enterprise and regulatory reform bill: policy paper
Document type
Briefing
Corporate author(s)
Great Britain. Dept. for Business, Innovation and Skills
Publisher
BIS
Date of publication
24 October 2012
Subject(s)
Trends: economic, social and technology trends affecting business, People management: all aspects of managing people, Management & leadership: including strategy, public sector management, operations and production, Small business & enterprise: the practicalities of running a small business and the theory of entrepreneurship
Collection
Business and management
Material type
Reports

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This paper gives brief details and justifications for all the elements of the Enterprise and Regulatory Reform Bill. The paper includes the following: encouraging long term growth by:

  • Setting the purpose of the UK Green Investment Bank to drive transition to a green economy;
  • Promoting competition through a single Competition and Markets Authority;
  • Streamlining and strengthening the competition tools to address anti-competitive behaviour; 
  • Enhancing the opportunity for parties to resolve disputes without the need for employment tribunals;
  • Introducing discretionary penalties for breaches of individual employment rights where there are aggravating features; and
  • Closing the unintended loophole that allowed individuals to blow the whistle on matters of private rather than public interest.
  • Giving shareholders extra powers to ensure that directors’ remuneration is more closely linked to company performance.
  • Modernising the UK’s copyright framework

And simplifying regulation by:

  • Extending the Primary Authority scheme to more businesses for access to reliable and robust advice;
  • Allowing more proportionate, risk based compliance inspections;
  • Providing greater powers to time-limit new regulations; and
  • Reforming unduly onerous provisions and removing obsolete laws.

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