The bill aims to :-
“make provision for the reduction of burdens resulting from legislation for businesses or other organisations or for individuals; make provision for the repeal of legislation which no longer has practical use; make provision about the exercise of regulatory functions; and for connected purposes.”
In English this means for many you have 10 mins grace before you get a ticket!
http://services.parliament.uk/bills/2014-15/deregulation.html
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