New promise to cut red tape for business

Picture: PA
Picture: PA
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NEW MEASURES to cut red tape, protect high-quality apprenticeships and deal with unfair payment practices hitting small firms were unveiled in the Enterprise Bill published by the Government today.

The bill includes a clampdown on late payment of insurance claims, new powers to fund broadband projects across the country and improvements to the business rates appeals system.

It also promises an end to taxpayer-funded, six-figure pay offs in the public sector and a new commissioner for small businesses.

Matthew Fell, CBI director, said: “The Enterprise Bill includes important measures that should improve opportunities for growing businesses to get on and scale up.

“Pruning unnecessary red tape will give firms bursting with potential – especially SMEs – the space to grow and thrive. Expanding tailored business advice from local authorities and involving regulators more closely in the better regulation process are good signs of an ambitious plan.

“Late payment remains a key concern for small businesses and the new Small Business Commissioner must play a role in driving culture change throughout the business community.”