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Monday 26 September 2011

Regulation reduction 'would enable economic growth'

A reduction in the regulatory burden facing the country's manufacturers is vital if the sector is to contribute towards economic growth, it has been claimed.

That is the message from EEF – the manufacturers' organisation, which has claimed that many companies are being held back from growth due to the amount of red tape surrounding the hiring of news staff.

EEF director of policy Steve Radley said the government has set out the right ambitions to reduce the burden of regulation and its approach has the potential to deliver it, but industry is now looking to see the new approach deliver "real change".

"With major new measures such as the new national pension savings scheme in the pipeline for next year, the government needs to set out plans for where it can reduce the burden on employers," he explained.

Mr Radley added that, as employers are also about to face costs from implementing the Agency Workers Directive, the coalition needs to show strong leadership in Europe and change a culture which is "still reaching for the regulatory trigger" as a first, rather than last, resort.

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Posted by John Oak and Wayne BlyADNFCR-1617-ID-800739982-ADNFCR

Source: The Sales Director News

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