Government bins business red tape
Business will be freed from the burden of red tape under a package of sweeping reforms to regulation, it was announced today.
In a speech to the Federation of Small Businesses in Liverpool, Mark Prisk revealed Business Secretary Vince Cable’s plans for a range of measures to be included in the Growth Review that will allow businesses to grow, including:
- a public audit of almost 22,000 statutory instruments that are currently on the statute book; and
- a moratorium to exempt businesses with fewer than ten employees and genuine start ups from new domestic regulation for three years.