FSB welcomes plans to cut red tape
THE Federation of Small Businesses (FSB) has welcomed Government plans to reduce regulation, following the Prime Minister’s recent commitment to “re-open Britain for Business”.
The announcement was made by Business Secretary Vince Cable and Chris Spies, FSB Peterborough branch chairman, said: “Governments have talked grandly of reducing regulation on business in the past. This is the first tangible proposals of how that is to be achieved.
“This is a very encouraging start, but the proof of the pudding will be in the eating.
“The new coalition government is certainly making the right noises about reducing regulation, an issue which FSB research has proved to be so very damaging for small businesses.
“I look forward to the new Cabinet Star Chamber making a real difference and certainly wish them well in their endeavours.”
Mr Spies added: “Small businesses are the engine room of the econ- omy and will provide the new jobs which are so urgently needed.
“They must not be bound up in red tape and unable to provide the essential growth which our economy needs.”
Mr Cable announced a new Cabinet Star Chamber tasked to lead the government’s drive to reduce regulation which is stifling growth, especially of small businesses.
Also announced was an immediate review of all regulation which is in the pipeline for implementation which has been inherited from the previous Government and is the first task for the new Star Chamber.
encouraged: The FSB’s Chris Spies is looking forward to the Star Chamber making a “real difference”.