RSS

Business regulations 'still time consuming'

Oct 10 2008

A government initiative to reduce the burden of regulations on small firms has not decreased the time it takes to comply, according to figures from the National Audit Office (NAO).

A survey from the organisation found the Administrative Burdens Reduction Programme, which aims to decrease the amount of work for firms by a quarter before 2010, is having a mixed response.

Government departments created 150 specific measures to help achieve this, which led to a four per cent reduction in the number of firms which think completing paperwork is a burden.

However, only one per cent say the measures have led to regulation being less time-consuming and 40 per cent report it now takes more time.

Tim Burr, head of the NAO, says: 'Departments need to engage more directly with businesses to focus on changes that will really help and check that the action they are taking is having the intended effect.'

According to the Federation of Small Businesses, new government regulations which were introduced last week could mean hours of extra work for small firms.
Comments

There are currently no comments on this article

Mentoring – Now there’s a bright idea for business

Whether you're starting up, taking your business to the next level or just need a sounding board, Lloyds TSB understands that a business mentor can offer you the support and guidance you need to develop your business. Find out more today.

Win with UK2’s Business Hosting

Win tickets to the British GP with UK2’s Business Hosting. Find out more today.

Compare business insurance quotes

Tailor your policy, compare quotes and buyin minutes! Up to 50% No Claims Discount. Public and Employer's liability, Professional Indemnity, Business premises (also for home based workers) and more! Compare quotes now or call 0845-0723340 today.

Are you expecting to hire this year?




Site map

« Expand to view
Small Business Offers