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Government urged to delay the passing of new businesses laws

The government must delay passing new laws which could cost small businesses £800m a year to implement, according to the Federation of Small Businesses (FSB).

Every year new and amended regulations come into force on certain dates - such as April 6 and October 1. In 2008 over fifty pieces of regulation came into effect on these two days alone.

With many small businesses having a difficult time in the current recession it is feared that the cost of having to implement new regulations could lead to some small firms having to cease trading.

"The cost of new laws to small businesses this year is huge. Small businesses should be concentrating on keeping jobs, rather than spending time and money carrying out paperwork," said John Wright, director of the FSB.

"This is no time to hold small businesses up with extra costs and burdens. The Government should wait until October to see if the economy is in a stronger position to cope with this added pressure."

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Post Date: February 11th, 2009