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Trade News Archive August 08 July 08 June 08 May 08 April 08 March 08 February 08 January 08
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8th August 2008
Businesses welcome plans to reduce red tape
The Forum of Private Business (FPB) has welcomed the government's recent plans to try to reduce the burden of red tape and regulation placed on small businesses in the country.
Earlier this week, ministers unveiled plans to put in place regulatory targets for government departments to slash the requirements for small companies to deal with regulation.
Phil Orford, the FPB's chief executive, said that the move showed that the government was beginning to realise the importance of supporting small companies across the country.
He added that the FPB had recently launched a Think Smallest First campaign which aimed to force ministers to "take action to ensure that micro-businesses - those with fewer than ten employees - are considered first in the development of new and changing policies".
Despite the positive reception the government's drive to tackle red tape, the FPB revealed that it still had some reservations with the new policy.
"In the past, government impact assessments have underestimated time and requirements for small businesses," explained FPB research manager Thomas Parry.
"Our own research has shown that the time required by our members to unravel the complicated tangle of red tape and do what is expected of them as owners and managers is significantly more than the government's estimations."
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