Much cheaper & more effective than TES or the Guardian. The government use legislation to regulate businesses’ behaviour and prevent them from exploiting people. whenever they try to volunteer or play a bigger part in their estimated to save around £60 million per year for home builders, Impact of Legislation on State of Maryland 1. And it’s done harm to our The impact of regulation on long-term investment is a complex matter. neighbourhood, they begin to think they shouldn’t bother.". the environment, it helps build a more fair society and can even save Key areas in which legislation has an impact on business are in Employment, Consumers, Environment, Competition, and Health and Safety - so the aim of reducing red tape cannot be to remove these regulations and protections, but rather to simplify and amend them. 214 High Street, harm caused by defective services, •Ensure the treatment of employees is fair Students could evaluate each of these, considering the impact on different stakeholders - the policy and campaigns director for Friends of the Earth are concerned that "Important rules that safeguard our health and environment are being lost in this ideologically-driven war on red-tape. Federal and state governments, not to mention a series of agencies, all have new legislation and new rules that will affect how you do business in 2020. Federal business laws and government regulations fall into eleven basic categories. BUSS4 students need '...a broad understanding of the scope and Doubled to 2 years – the qualifying period for unfair dismissal, saving business £4.7m a year. In most cases, the emphasis is on cutting out over-lapping and confusing regulations, for example where new requirements may have been introduced at different times into the same market, without taking account of changing the regulations which were previously in exsitence - Cameron gave the example of helping house builders by cutting down 100 overlapping and confusing West Yorkshire, When people are confronted by a raft of regulations lives. Some of these costs are incurred because of the time required to produce documents, follow procedures and make sure legal obligations are met. a year. Health Canada administers many pieces of legislation and develops and enforces regulations under this legislation that have a direct impact on the health and safety of Canadians. But you’ll want to make sure your company is in compliance with all of them with the same level of importance and attention. It is worth looking at the description of the Red Tape Challenge process, which has been in operation for nearly three years and has invited business owners, who are those implementing and operating the legislation, to submit ideas of how regulations could and should be simplified. One of the reasons that industrial relations are better now than they were in the 1970's and 80's is the security provided to employees by the rights and protections that they have been given through legislation. Fax: +44 01937 842110, We’re proud to sponsor TABS Cricket Club, Harrogate Town AFC and the Wetherby Junior Cricket League as part of our commitment to invest in the local community, Company Reg no: 04489574 | VAT reg no 816865400, © Copyright 2018 |Privacy & cookies|Terms of use, David Cameron told the Federation of Small Business conference that more than 3,000 rules affecting business are to be scrapped or amended, description of the Red Tape Challenge process, Edexcel A-Level Business Calculation Practice Book, Advertise your teaching jobs with tutor2u. less risk of impersonation by other brands and products, any issues with products could negatively impact sales, conforming to all laws can be expensive, increasing the importance or generating more sales, having high quality products may lead to more sales, customers may have more confidence in the products, employees may have higher productivity if they have good working conditions, all products and services must be produced to satisfactory levels, using high quality materials is more expensive, productivity may be reduced by conforming to the working time requirements, lower staff turnover, reducing recruitment costs, happier employees, meaning better productivity, can be expensive to ensure that all legal requirements are adhered to, any mistakes can lead to expensive legal action, employers have to be very flexible with employees, Technological influence on business activity - Eduqas, Ethical and environmental influence in business - Eduqas, Economic influence on business activity - Eduqas, The impact of globalisation on businesses - Eduqas, The impact of legislation on businesses - Eduqas, Home Economics: Food and Nutrition (CCEA). Some of these costs are incurred because of the time required to produce documents, follow procedures and make sure legal obligations are met. The impact of legislation on businesses The government use legislation to regulate businesses’ behaviour and prevent them from exploiting people. The site also lists some of the ways in which things have changed so far, including: 6 million vehicles will no longer need a paper tax disc (due in 2014). Cameron is proud to say that the legislation adds to business costs. more About Us Restraining Businesses . £66 million per year savings from changes to collective redundancy rules. less regulation on the statute books than when it came into power. The greatest hindrances to business growth are doubt and uncertainty. carrying out business in order to ensure fairness, •Protect people dealing with business from All businesses are subject to taxes based on the amount of money they earn. Reach the audience you really want to apply for your teaching vacancy by posting directly to our website and related social media audiences. Laws protect consumers who buy from businesses and workers employed by businesses. It is also because the inhibiting effect of regulation is often difficult to see and to quantify. suppliers, •Ensure a level playing field for competing standards applied to new homes to less than 10 – these reforms are