Are businesses set to see regulatory improvements?

Date: 2nd November 2011

Small business owners operating in the UK could be among those encouraged by the recent comments of Mark Prisk.

The business and enterprise minister has called for the introduction of a "more mature" working relationship between the country's regulators and business owners.

According to Mr Prisk, the UK is in need of a local regulation system that offers greater accountability and transparency.

"We understand that Britain's businesses need to concentrate on what they do best – growing their business, creating jobs and driving forward economic recovery," the minister told the Local and National Regulators annual conference

"But when regulation becomes heavy-handed, inefficient, prescriptive and risk-averse it drags down the ability of businesses to grow, prosper and create jobs."

The comments follow an announcement from the Recruitment and Employment Confederation that it is now in discussions with the Department for Business, Innovation and Skills in order to explore how unnecessary layers of bureaucracy can be removed in the recruitment industry.

Posted by Thomas Fletcher