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Government to cut £10bn of red tape
Last week’s Queen's Speech outlined plans for an Enterprise Bill to cut red tape, potentially saving British business at least £10bn.
For the first time, these plans will be monitored by independent regulators, who are charged with making sure the target is achieved.Also in the bill is a proposed a new Small Business Conciliation Service, which will help settle disputes between small and large businesses, especially over late payment - an issue that concerns many small businesses. The service will handle disputes without the need for court action.There are also plans to improve and simplify the business rates appeals system ahead of the 2017 revaluation.
The government says it also intends to take other steps to strengthen UK competiveness and to back businesses to create jobs.
Read more on the BIS website.