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Cable vows to cut red tape
Business secretary Vince Cable has announced an action plan to end excessive employment regulation that is stifling business growth.
In a speech Mr Cable said that the Reducing Regulation Committee – which he chairs – will enforce a new approach to new laws and regulations.
There will be an immediate review of all regulation in the pipeline for implementation inherited from the Labour government.
"The deluge of new regulations has been choking off enterprise for too long. We must move away from the view that the only way to solve problems is to regulate,” said Mr Cable.
"The government has wide-ranging social and ecological goals including protecting consumers and protecting the environment. This requires increased social responsibility on the part of businesses and individuals.”
The announcement has been welcomed by small and medium-sized business owners and business groups.
"BCC research shows new employment regulations over the next four years will increase business costs by over £11 billion - so the announcement of an immediate review of all red tape in the pipeline is very welcome,” said David Frost, director general of the British Chambers of Commerce.
Post Date: June 3rd, 2010
In a speech Mr Cable said that the Reducing Regulation Committee – which he chairs – will enforce a new approach to new laws and regulations.
There will be an immediate review of all regulation in the pipeline for implementation inherited from the Labour government.
"The deluge of new regulations has been choking off enterprise for too long. We must move away from the view that the only way to solve problems is to regulate,” said Mr Cable.
"The government has wide-ranging social and ecological goals including protecting consumers and protecting the environment. This requires increased social responsibility on the part of businesses and individuals.”
The announcement has been welcomed by small and medium-sized business owners and business groups.
"BCC research shows new employment regulations over the next four years will increase business costs by over £11 billion - so the announcement of an immediate review of all red tape in the pipeline is very welcome,” said David Frost, director general of the British Chambers of Commerce.
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Post Date: June 3rd, 2010
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