Chemical Business Association Welcomes Review Findings

The Chemical Business Association (CBA) today welcomed the findings of the Arculus Review of Regulation.

CBA's Director, Peter Newport, said, "The Arculus Report contains many sensible and pragmatic ideas - such as strict regulatory budgets for Government Departments; prior consultation with business on the issue, not the legislative detail; a Brussels-based UK Minister to monitor and challenge European legislation; and sunset clauses for regulations which no longer perform a useful function."

"The annual cost of regulation to the UK economy now amounts to 10-12% of GDP - a total of more than £100 billion, the same amount as the income tax burden. The chemical sector is a global industry and has to remain internationally competitive whilst the cost of regulatory compliance is increasing year-on-year. CBA favours effective regulations, but measures are needed to prevent layer-upon-layer of regulation crippling enterprise - particularly in relation to smaller companies with limited resources," he added.