UK announces to abolish the BHC
Government’s blitz on business bureaucracy Recently, Business Secretary-UK, Peter Kyle, has announced that the British Hallmarking Council (BHC) will be abolished and its functions consolidated alongside wider product regulation functions, as part of the government’s blitz on business bureaucracy. Kyle said, “Where we identify regulators that are doubling up, stepping on each other’s toes, or out of touch with the realities of the modern economy, we will streamline them. Where their role is redundant, we will end them. Not ‘one-in, one-out’ but ‘no role, no regulator’. It’s as simple as that. As proof of my commitment, today I am announcing the abolition of the British Hallmarking Council, with its functions transferring into my department.” It is understood there is no immediate impact to the Council’s operations. Commenting on the announcement, Will Evans, Director of the London Assay Office, one of the four UK Assay Offices responsible fo...