View more on these topics

Labour manifesto: Pledge to cut cost of regulation by £6bn

Labour has pledged to cut the cost of regulation by £6bn by 2015 in its manifesto, launched today.

The manifesto says Labour is committed to helping small businesses and entrepreneurs to thrive.

The manifesto says: “We will continue to simplify regulation and avoid unnecessary red tape.”

It adds: “We will seek to reduce the costs of regulation by more than £6bn by 2015.”

Recommended

3

Panel ponders regulated products

The Financial Services Consumer Panel is researching the merits of introducing regulated products amid concerns that half of consumers will not pay for advice after the RDR. In a briefing document seen by Money Marketing, the consumer panel says it is commissioning research to understand the benefits, risks and potential scope of regulated products in […]

Vanguard may pass on reserve tax cut

Vanguard could cut the 0.5 per cent up-front fee on its passive UK equity and UK equity income funds in line with Budget plans to review stamp duty reserve tax. The Government revealed it will be reviewing the schedule 19 SDRT and may scrap or amend the tax. The tax, which only affects UK funds, […]

Skeoch: £2.1m package in 2009

SLI’s Skeoch pay is twice as much as group chief exec Nish

Standard Life Investments chief executive Keith Skeoch earned almost £1m more than group chief executive David Nish in 2009. The company’s annual report published last week reveals Skeoch received a total of £2.1m in 2009 compared with £1.34m the previous year. Group chief executive David Nish was paid a total of £1.19m last year compared […]

Bonds going bust? Not so fast….

In recent months bond bears have been reinvigorated, and market commentary suggesting “the end of the bond (bull) market is near” has become commonplace. We think these comments are premature. Explaining the global government bond sell-off October has seen renewed pressure on global government bonds, initially provoked by a Bloomberg article suggesting that the ECB […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

There are 5 comments at the moment, we would love to hear your opinion too.

  1. I could tell them how to save £450m today!

  2. How dare they !!….it has been during Labours long term in office that regulation has become more complicated & much unnecessary red tape introduced.
    Clearly they are lying !!!

  3. Gordon Brown must think we are all as daft as the Labour Party. It was his Government that increased the cost of Regulation now all of a sudden he says they will reduce it. How is the question but no doubt as is normal for the labour party no ansdwers will surface. Promises, promises, promises!!!!! Sorry Gordon we are all a bit wiser this time round!

  4. Labour would be lost without regulation.
    The whole idea behind regulation is job creation/tax collection.
    You start a business – you pay tax-you need a regulator ,set up by the government, to make sure you are running your business compliantly-you pay for the privilege of being regulated by means of a levy which comes out of your profits-this creates a job which is then also subject to tax. No socialist government would ever cut the bill for red tape it is too much of an income generator. Just look at the rise and the costs in the number of unelected quango’s that control most ares of our daily lives. The obvious one for us being that very expensive £450mpa & rising, piece of red tape ensconced in Canary towers.

Leave a comment