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Budget 2011: Reduction in regulation costs welcome

Chancellor of the Exchequer George Osborne poses for photographs outside 11 Downing Street on the day that he will deliver his budget Photo-Press Association

Speaking on the £350m of proposed business regulation cuts, Ash Saluja from law firm CMS Cameron McKenna, said: “Any reduction in regulation costs is welcome, but financial firms’ understanding of cutting red tape is a long way from Treasury proposals for a more complex regulatory regime to replace FSA.”

Commenting on employment measures in the Budget, Anthony Fincham, added: “Not implementing the dual discrimination rules in the equality act is more of a political gesture than a significant

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How should success of FCA’s response to Which be judged?

The effectiveness of the Financial Conduct Authority’s regulatory action in response to Which’s super-complaint about home and travel insurance is reflected in smoother claims handling, not in the number of reviews or fines, according to Claire Massey, founder of Claim Guardians.

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