Deregulation must continue so that firms can benefit

By Anita Jaynes on 27 January, 2014

Business West welcomes the announcement by Prime Minister David Cameron that thousands of rules affecting business are to be scrapped or amended. In a speech today  he announced that more than 3,000 rules will be dropped or changed, saving more than £850m a year. These include plans to help house builders and make it easier and cheaper for businesses to meet environmental obligations. The removal of these burdens is a step in the right direction, however further progress is necessary to cut needless red tape to allow businesses the freedom to grow.

Commenting on the Prime Minister’s speech on deregulation today, Ian Larrard, Director of The Initiative in Swindon & Wiltshire, part of Business West said:

“The removal of these burdens is a step in the right direction, however further progress is necessary to cut needless red tape to allow businesses the freedom to grow.  Good progress has been made in removing domestic regulations, with this removal of domestic red tape and the Prime Minister leading a charge to reduce European bureaucracy. However, reducing regulation is as much about quality as it is about quantity. Removing laws from the statute book will only have an effect if companies on the ground feel that the burden of needless regulation is lifting.

“The government should not only be concerned about existing regulation, but also with new laws coming in. Britain’s deregulation drive must also not be derailed by costly new laws affecting firms. At present, both tax changes and EU regulations are excluded from the government’s ‘One-in, Two-out’ rule for new regulations. This loophole blunts the impact of the policy. All new regulations, from whatever source, should be scrutinised and their burden minimised as part of this system.”