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HOW MUCH WILL IT COST?

30th October 2003
Page 29
Page 29, 30th October 2003 — HOW MUCH WILL IT COST?
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Which of the following most accurately describes the problem?

The Working Time Directive will certainly cos industry money; what people cannot agree or how much. When introducing any new piece I legislation the government is obliged to predi the financial impact with a Regulatory Impact Assessment (RIA). But as some crucial parts the WID legislation have yet to be agreed (he the consultation) the RIA is necessarily vague breaks the figures down into two columns: eit treating the working week as a simple 48-hou average, or factoring in "periods of availabilil which research within the industry has indical is at least five hours a week (assuming a libel interpretation of the rules), giving a 53-hour Ii

If the first figure is taken the total cost to t industry and society will be £1 .05bn. If the likely 53-hour week is used the government figures suggest this falls to £0.5bn. It you th look at the cost to operators. as opposed to industry as a whole, the figure falls again. t as little as £280m. The RIA also suggests th the industry will need up to 21.900 new driv recruitment could cost £5m.

The RIA also assumes that the WTO will b certain benefits to the industry and society v are difficult to quantify.

Privately, industry insiders are beginning to take the view that WTD costs will not be a severe as first thought and the industry will almost certainly cope with its introduction. one comments: "Although the potential imp is not as great as it was, the industry will co better with the problem than had originally I thought. through adapting its systems."

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