Chester MP Stephen Mosley has joined Business Minister Mark Prisk in welcoming the huge steps taken since the General Election to cut red tape and bureaucracy for businesses.
One of the greatest barriers facing small and medium sized enterprises is the burden that regulation can put upon them. A manifesto pledge of the Conservative Party, cutting red tape has been central to the Government’s strategy to help British business grow.
During 2011, the Government has:
- Capped the cost of new regulation, through the One In One Out system;
- Identified 600 regulations to scrap, or substantially overhaul, through the red tape challenge;
- Saved businesses more than £3 billion through introducing changes to pensions indexation (RPI to CPI);
- Agreed to overhaul employment tribunals, to be fairer to small company employers;
- Scrapped plans to extend training regulations, saving SMEs £388m per annum;
- Implemented Whitehall guidance to end the routine gold-plating of EU regulations.
Stephen Mosley said:
“The last Labour Government presided over the equivalent of six new regulations every working day, or 30 every week. In contrast, the Coalition Government have taken practical steps to release businesses from the unnecessary bureaucracy that was placed on them over the past decade.
“This Government is on the side of business.”
Business Minister Mark Prisk MP added:
“The Government is determined to help businesses out as much as possible, and we are currently overhauling the 1,000 pages of guidance for planning; we have agreed to free up entertainment licensing for small venues and have agreed to remove up to one million self employed people from Health & Safety rules designed for multi-national companies.
“There is much more to be done, but we are delighted with the progress made in such a relatively short period of time.”
