Financial Times FT.com

Business regulators unmoved by new powers

By Michael Peel and Christine Gemson

Published: October 2 2008 03:00 | Last updated: October 2 2008 03:00

A new law aimed at streamlining business regulation in industries from forestry to hearing aids arrived yesterday to an underwhelmed response from the authorities involved.

The Department for Business, Enterprise and Regulatory Reform said it had received no plans yet from the 27 national regulators allowed new powers, such as imposing fines, by the act.

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