Cable announces plans to cut red tape
Jul 28 2011
Burdensome regulations are set to be slashed
Plans to scrap or simplify more than 160 burdensome regulations have been announced by business secretary Vince Cable.
The proposals will see changes to legislation that the government hopes will make life easier for businesses.
Cable says, ‘We have to roll back the number of rules and regulations that our businesses have to deal with if we are to create the right conditions for sustainable economic growth.
‘We have heard these promises by successive governments before but these first proposals from the Red Tape Challenge show that we’re serious about doing that and we are making real progress.’
The Red Tape Challenge was a key action from the government’s Plan for Growth, which is focusing on creating the right conditions for businesses to start up, invest, grow and create jobs.
Over the lifetime of the Challenge, government will examine all of the existing regulations on the statute book, with a view to breaking down the barriers and promoting opportunities for business, freeing them of unnecessary red tape.
Minister for Business and Enterprise Mark Prisk says, ‘We’ve listened to what people have said about the confusing and overlapping rules with the aim to get rid of the ones we don’t need and making the ones we do simpler to understand and put into practice. At the same time though we are preserving good regulation, such as the hallmarking regime, for which there was strong support.”
Dr Kevin Hawkins, director general of the British Retail Consortium adds, ‘The results from the retail theme of the Red Tape Challenge mark a real change in attitude to cutting red tape. Not only does the government seem to be getting over its addiction to regulation by taking dramatic steps to cut the burden that retailers face and simplify the trading environment, but retailers really took the Challenge to heart and made good, well thought out suggestions.
'I hope this is a sign of things to come with government freeing other businesses of red tape, and that those sectors will grasp the opportunity with both hands in the same way the retail industry have done.’
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