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‘Totally unnecessary’ red tape is harming small firms
Gordon Brown is undermining the economy's recovery by sanctioning business regulations that are ‘totally unnecessary' according to the Institute of Directors (IoD).
The IoD are highlighting employment law that is due to take effect this year - such as flexible working and the new right for staff to take time off for public duties - as being detrimental to small businesses chances of surviving the economic downturn.
"The government is asking business what it can do to help and trying, on the banking side, to do whatever it can," said Miles Templeman, director of the IoD. "But we're still seeing impending regulation that is totally unnecessary, at least in the short-term."
Following his appointment as business secretary Lord Mandleson instigated a review of all impending regulation to decide if any measures should be delayed or cut to help businesses during the credit crunch. However, so far the only announcement made has been a confirmation that flexible working will be implemented this spring.
Post Date: January 19th, 2009
The IoD are highlighting employment law that is due to take effect this year - such as flexible working and the new right for staff to take time off for public duties - as being detrimental to small businesses chances of surviving the economic downturn.
"The government is asking business what it can do to help and trying, on the banking side, to do whatever it can," said Miles Templeman, director of the IoD. "But we're still seeing impending regulation that is totally unnecessary, at least in the short-term."
Following his appointment as business secretary Lord Mandleson instigated a review of all impending regulation to decide if any measures should be delayed or cut to help businesses during the credit crunch. However, so far the only announcement made has been a confirmation that flexible working will be implemented this spring.
Post Date: January 19th, 2009
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