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Tories announce plan to cut red tape
Shadow Business Secretary Ken Clarke has announced plans to reduce the regulatory burden on businesses.
At the Conservative party conference.Mr Clarke has stated the the Party's intention to introduce a powerful new 'star chamber', which will enforce a stringent 'one in - one out' requirement where any new law must include cuts in old laws, which would produce a net 5% reduction in the regulatory burden.
Plans were also announced to curb the powers of intrusive inspectors by allowing firms to arrange their own externally audited inspections and to consult businesses carefully on changes that may be required to the employment and discrimination tribunals system.
"This is a positive sign that the Conservatives are starting to focus on the real issues that restrict business and growth. Since 1998, regulation has cost companies a staggering £76 billion, which is clearly far too much," said David Frost, director general of the British Chambers of Commerce.
"Addressing the mass of red tape handcuffing British business must be a priority. Given the current economic climate and the need to let business create jobs, there should be a moratorium on new employment laws."
Post Date: October 7th, 2009
At the Conservative party conference.Mr Clarke has stated the the Party's intention to introduce a powerful new 'star chamber', which will enforce a stringent 'one in - one out' requirement where any new law must include cuts in old laws, which would produce a net 5% reduction in the regulatory burden.
Plans were also announced to curb the powers of intrusive inspectors by allowing firms to arrange their own externally audited inspections and to consult businesses carefully on changes that may be required to the employment and discrimination tribunals system.
"This is a positive sign that the Conservatives are starting to focus on the real issues that restrict business and growth. Since 1998, regulation has cost companies a staggering £76 billion, which is clearly far too much," said David Frost, director general of the British Chambers of Commerce.
"Addressing the mass of red tape handcuffing British business must be a priority. Given the current economic climate and the need to let business create jobs, there should be a moratorium on new employment laws."
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Post Date: October 7th, 2009
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