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PRO INSTALLER JUNE 2015
PRO BUSINESS
@proinstaller1
New Business
Secretary aims to
cut £10bn of red
tape for small
businesses
New measures to support entrepreneurs and job creation have
been set out in Sajid Javid’s first speech as Business Secretary.
As part of its long-term economic plan, the government
will cut red tape for business
by at least £10 billion over
the next five years in a new
Enterprise Bill that will back
business to create jobs.
New measures to support entrepreneurs and job creation have
been set out in Sajid Javid’s first
speech as Business Secretary in
Bristol, the city where he grew up
above his parents’ shop.
Speaking at the Engine Shed
business centre, Javid said that the
bill will help make Britain the best
place in Europe to start and grow
a business, and help create two
million more jobs over the next
five years, so that more people
have the security of a regular pay
packet.
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Business Secretary, Sajid Javid,
said:
“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
the government gets behind small
businesses – enabling them to get
finance, get paid on time and get rid
of red tape.”
In a radical change, the government’s ambitious target for cutting
red tape will look beyond Whitehall
and extend to independent regulators for the first time. They will be
expected to contribute to a target of
at least £10 billion.
Another central measure in the
Enterprise Bill will be the creation
of a Small Business Conciliation Service to help settle disputes between
small and large businesses, especially over late payment practices. Small
firms are owed over £32 billion in
late payments, but many of them
are not aware of their rights or are
reluctant to launch legal challenges.
This service will build on the existing suite of measures to tackle poor
payment practices.
Business Secretary, Sajid Javid
‘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’
The bill will also support businesses through the extension and
simplification of Primary Authority. This scheme allows a business
to get advice on regulation from a
single local council and this advice
must then be respected by all
other councils - reducing the time
and cost to businesses of having
to obey different rules.
The government is also expecting the European Commission
to announce proposals to cut
red tape in Europe. This follows
recommendations for reform from
a UK business-led taskforce set
up by the Prime Minister that the
government has lobbied hard
for. Measures being pushed for
include a commitment to propose
lighter regimes for small business-
es in new EU legislation, greater
independence for the Commission’s Regulatory Scrutiny Board,
and improved consultation and
impact assessments.
John Longworth, director general, British Chambers of Commerce
(BCC), 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.
“To further free companies
up from red tape and focus on
growth, businesses will now expect to see a similar commitment
from Brussels.”
www.gov.uk
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