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Bill to slash business red tape

Published 19/05/2015

New Business Secretary Sajid Javid is to announce plans to cut billions of pounds from business red tape
New Business Secretary Sajid Javid is to announce plans to cut billions of pounds from business red tape

At least £10 billion is to be cut from business red tape over the next five years.

New Business Secretary Sajid Javid said an Enterprise Bill will be included in next week's Queen's Speech, aimed at helping to create two million jobs.

In a visit today to Bristol, where he grew up above his parent's shop, he will say: "Small businesses are Britain's engine room and the success of our whole economy is built on the hard work and determination of the people who run and work for them.

"As Business Secretary I will always back them and, in my determination to get the job done, one of my first steps will be to bring forward an Enterprise Bill that helps them to succeed and create jobs.

"As part of our long-term economic plan, we will sweep away burdensome red tape, get heavy handed regulators off firms' backs and create a Small Business Conciliation Service to help resolve disputes."

Business Minister Anna Soubry said: "This will be a no-nonsense Bill to back small businesses and help create jobs, giving financial security and economic peace of mind to hardworking people across the country.

"We will be asking businesses for evidence in the coming weeks and months. We want them to be our partners in identifying and scrapping needless burdens at home and in Europe. It's important Government gets behind small businesses - enabling them to get finance, get paid on time and get rid of red tape."

The Government said its "ambitious" target for cutting red tape will look beyond Whitehall and extend to independent regulators for the first time.

John Longworth, director general of the British Chambers of Commerce, said: "It is great to see the Government start the parliament with a real drive to support businesses. If properly targeted, these efforts to cut red tape for business could make a real difference, saving time and money.

"On late payments the Government does have a role to play in helping to alleviate both the cause and effect. But in order to change the culture of late payment we need to see a concerted effort from businesses themselves.

"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.

"To further free companies up from red tape and focus on growth, businesses will now expect to see a similar commitment from Brussels."

Katja Hall, CBI deputy director general, said: "Businesses will welcome the Government getting out of the blocks early by following through on its commitment to cut red tape.

"Moving forward, it should use its influence in Brussels to combat 'life-style' regulation that impacts unfairly on British businesses, such as overly detailed rules on agency temporary staff and working time.

"We would like to see more details on how the Small Business Conciliation Service will work in practice, as we believe that customers and suppliers should deal directly to reach agreement wherever possible. Greater transparency around payment terms and performance is the best way to instil a culture of prompt payment."

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