Lord Edgecombe
New member
The EU is the key driver of regulation, 77% of the major regulations passed in the UK since 1998 were wholly or partly driven by EU legislation.
According the Government’s own Regulatory Impact Assessments, these EU regulations have cost UK
businesses £30 billion.
And this is only the direct cost. The knock-on effects on productivity and growth
are likely to be far higher.
Despite the good intentions of Commission President Barroso, Europe’s production of new regulations is
actually increasing at an alarming rate.
Of the 22,000 pieces of legislation on the EU statute book, about 12,000 have been introduced in the eight years since 1997, compared to 10,000 during the forty years from 1957 to 1997.
According the Government’s own Regulatory Impact Assessments, these EU regulations have cost UK
businesses £30 billion.
And this is only the direct cost. The knock-on effects on productivity and growth
are likely to be far higher.
Despite the good intentions of Commission President Barroso, Europe’s production of new regulations is
actually increasing at an alarming rate.
Of the 22,000 pieces of legislation on the EU statute book, about 12,000 have been introduced in the eight years since 1997, compared to 10,000 during the forty years from 1957 to 1997.