Businesses: Orders and Regulations

Trade and Industry written question – answered on 13th March 2007.

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Photo of Tony Baldry Tony Baldry Conservative, Banbury

To ask the Secretary of State for Trade and Industry what his most recent estimate is of the (a) one-off cost and (b) recurring costs of implementing the End-of-Life Vehicles Regulations 2003 to (i) businesses and (ii) the regulators.

Photo of Malcolm Wicks Malcolm Wicks Minister of State (Science and Innovation), Department of Trade and Industry

The Regulatory Impact Assessment which accompanied the regulations estimated one-off costs to businesses to be between £650 million and £850 million. Recurring costs were estimated to be between £8 million to £10 million per annum to businesses and between £0.4 million and £0.5 million per annum to the regulators.

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