Government hailed for “hands-off” approach to business regulation

The government’s “hands off” approach to business at the re-opening of parliament has been hailed, freshbusinessthinking.com reports.

The Queen gave her annual speech at the opening of parliament this week, in which she outlined the direction in which it is expected to take over the coming year. Where business was concerned, there was much more of a hands-off approach being touted, whereby owners and those running a franchise wouldn’t have to contend with as many new laws or regulations as in previous years.

Following the announcement, the British Chambers of Commerce (BCC) outlined its support, claiming that it was a “pro-growth” approach that meant businesses didn’t have to contend with as much red tape or newly-implemented legislation.

It is also hoped these measures could bring about a number of new small businesses or encourage aspiring entrepreneurs to start a franchise as the environment is more hospitable.

Specifically, the BCC heaped praise on the Deregulation Bill, which is designed to remove red tape and will help firms grow at speed.

“Business welcomes the government’s efforts to deregulate, and remove needless red tape that prevents companies of all sizes from growing, innovating and creating employment,” BCC director general John Longworth told shponline.co.uk of the Bill.

“Proposals around employment and health and safety law must be implemented without delay to increase business confidence and allow firms to focus on growth.”