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Cable to pledge three-year regulation freeze for business start-ups

Vince Cable will today commit to reducing red-tape for small businesses as the Government prepares for next week’s Budget, the Financial Times reports.

In a speech to the Federation of Small Businesses today, the Secretary of State for Business, Innovation and Skills will say he is not extending workers’ rights to request training time outside work at companies employing fewer than 250 people.

He will also set out plans to remove rules that give parents of children up to the age of 17 the right to request flexible working arrangements, while reassuring start-up firms they will be exempt from new domestic regulation for three years.

In an interview with the FT, Cable (pictured) says: “We want flexible working. We want to do it in a way that doesn’t add to our vast amount of paperwork. That’s the central problem.”

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Comments

There are 3 comments at the moment, we would love to hear your opinion too.

  1. The FS industry could do with a three year freeze on new initiatives from the FSA, not to mention a freeze on the RDR.

  2. Would it not be better to try to look to reduce red tape for all businesses going forward?

  3. That’s if the Civil Service will let him put it into practice! It reduces their empires.

    What we need is more and more rules; see my comment on http://www.moneymarketing.co.uk/regulation/fsa-negligent-in-oversight-of-ombudsman-claims-abi/1027955.article

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