Only for commercial vehicles, which I think are allowed +10%-0%
The consumer speedometer regs are odder than that. It can't lie to you about speeding, so it must not say you are doing 30mph when you are actually doing 31mph. It is however quite OK if when doing 30mph for the speedo to say you are doing 60mph, because it can err on the "safe" side as much as it likes telling you to slow down. Most cars therefore err on the safe side a bit, some quite a lot.
So I think if you claim you are speeding because of a faulty speedometer, then that is admitting an unsafe to drive car which could be another offence