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Excessive bureaucracy may start to disappear

Excessive bureaucracy may start to disappear

The Reducing Regulation Committee had its first meeting last week and contractor accountants are relieved that something is eventually being done to cut the red tape that has strangled enterprise over recent years.

Vince Cable, the business secretary, is heading the Committee which met for the first time on July 1st. Mark Prisk, the Small Business Minister, Francis Maude, the Cabinet Office Minister and Danny Alexander, the Chief Secretary to the Treasury, are also members of the Committee.

Mr Cable said that the government must give the balance of power back to individuals. Businesses such as online accountants are required to drive economic growth, not spend all their time filling in forms. The Committee wants to change Government culture away from regulation and find alternative ways of solving problems.

In future, all proposed regulations will have to be stress tested by the Committee and only those which are deemed high quality and priority will be allowed to proceed. There will also be a one-in, one-out system so that businesses will not be burdened by excessive regulations.

The first meeting coincided with the launch of a new government campaign called Your Freedom. Limited company contractors and individuals are invited to tell the government which of our current laws and regulations they would like to see abolished.

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Image: 366 – 350: You can’t shut me up by yoshiffles

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