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New UK minister vows to axe red tape

4801Britain’s new Business Secretary has vowed to help small businesses by cutting £10bn of red tape over the coming five years.

The move is designed to boost British business at home and abroad.

Sajid Javid, formerly the Culture Secretary and a banker with Deutsche Bank, is to introduce an Enterprise Bill which will be part of the Queen’s Speech.

At the same time, observers are expecting news from the European Commission on its plans to reduce red tape throughout the EU for small and medium businesses.

Eighteen months ago, a panel of leading businessmen considered that the EU should cut or amend 30 red tape spots as these would ease regulation on businesses. The coalition Government then used this report to lobby for such reforms.

That previous Government committed itself to reducing red tape, but only within central government departments and without setting any targets. The new promises are expected to set specific goals.

It is anticipated that a conciliation service will also be set up to help in payment disputes between small and large companies. Continued reports indicate that large firms fail to pay small suppliers in a timely way.

John Longworth, director general of the British Chambers of Commerce, said "Businesses have been let down by successive governments promising to make inroads, so we will be watching carefully to make sure these proposals are delivered."

Mr Javid credits his own work ethic to his parents who moved to Bristol from Pakistan in 1964

"My dad started off working in a cotton mill. Then he drove buses. And, at weekends, he ran a clothing stall at the local market. And my mum was back at home – looking after us and making clothes for the stall. Later, we had the [ladieswear] shop."

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Comments  

-9 #3 Dave Taylor 2015-05-20 08:42
There has to be a culture shift across the EU to grow enterprise, not just find different ways to prop up the local VIP's 'family and friends'.

Remind ourselves that the UK for example has long had publicly funded business advisers who are on a basic pay with commission for getting new businesses started. And an extra bonus if the business is still running after x years.

This is unheard of in Portugal ... we have asked for it and there is no idea !

Even this supposed reduced red tape for starting something as simple as a B & B in Portugal is already bogged down in 'complications' that mysteriously continue to endlessly delay foreign EU members.

Yet again it shows the vast difference between developed countries like the UK that enforce the regulations they have signed up for. Whilst opting out of those it cannot run with. The honorable option.

As compared with the less developed EU states that sign up for regulations they have no intention of enforcing. Or give themselves ample wriggle room when re-writing their own laws.
-7 #2 Ric 2015-05-20 06:51
Heard it a dozen times.
As usual there isn't a single specific example of what will be cut.
Nothing will change for the better, more likely another layer of taxation will be added to increase revenues, with the corresponding extra layer of paper shuffling.
-10 #1 mm 2015-05-19 21:32
an enterprise bill, cutting red tape

such things are never heard of in portugal

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