Government announces new rules to cut business red tape

Date: 5th August 2010

Small businesses operating in the UK could be among those to benefit from new rules designed to cut red tape.

Business secretary Vince Cable recently announced new measures aimed at reducing the amount of bureaucracy faced by UK organisations.

Mr Cable confirmed that from September 1st this year the coalition will adopt a "one-in-one-out" policy with regard to business regulations.

The secretary also announced that a new set of principles will be agreed that must be applied by government departments when considering new regulations.

"We have to move quickly delivering credible and meaningful reductions in the burdens that hinder hard-pressed businesses and charities," said Mr Cable.

"By ensuring regulation becomes a last resort, we will create an environment that frees business from the burden of red tape, helping to create the right conditions for recovery and growth in the UK economy."

Posted by Jacob Williams