Commenting on the new Risk and Regulatory Advisory Committee, launched by the Prime Minister today, David Frost, Director General of the British Chambers of Commerce, said::

"Regulation and red tape continues to preoccupy our members. Our latest calculation of the cumulative cost of the UK’s regulatory burden since 1998 is more than £55 billion. It is therefore disappointing that the Better Regulation Commission (BRC) is to be replaced with a body that has less business representation and a narrower remit.  "It’s vital that there is a powerful independent voice within Whitehall to scrutinise regulation and regulatory policy, but today’s announcement is a retrograde step, which was ruled out by the Government when the BRC suggested it last year”.