Business Secretary Unveils Plans to Cut £10 Billion of Red Tape for SMEs

In his first speech as Business Secretary, Sajid Javid outlined plans to support small and medium-sized businesses in the UK through the new Enterprise Bill. Pledging to cut the cost of regulation by £10 billion for SMEs was the stand-out announcement.

Simpler audits for small businesses, less bureaucracy for house builders and developers and exempting hundreds of live music and community events from entertainment licensing are among the recent reforms within this area.

The Government plans to build on this further by putting a halt on new regulations being introduced through the ‘one in, two out’ strategy and pressing EU institutions to reduce what are considered to be ‘needless burdens’ on UK businesses.

Business Secretary Sajid Javid, said: “This will be the first time in modern history that the government has successively reduced red tape and continued with reductions in the next parliament.”

He went on to discuss some of the other reforms that have already been brought in, saying: “Car mechanics and valets no longer have to do training that’s only useful to lorry drivers. Child-minders no longer have to self-register as a food business. Thousands of regular businesses no longer face health and safety inspections.

“And there’s less of the stuff that sometimes invites utter derision, so no more slaps on the wrist for no-smoking signs in the wrong size or in the wrong place.”

Simplifying Primary Authorities to make it easier for small businesses to access information on regulations from a single local council and clamping down further on the late payments issue through actions such as setting up a Small Business Conciliation Service to help challenge unfair payment terms are also on the Enterprise Bill agenda.

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