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Wednesday, 2 November 2011

British firms 'must concentrate on creating jobs'

Firms across the UK need to concentrate on creating jobs in order to boost economic recovery, and this can be achieve through the removal of red tape, according to business minister Mark Prisk.

At the Local & National Regulators annual conference this week, the minister noted that the coalition is attempting to scale back the amount of regulation which is holding back many firms from creating new roles to reduce unemployment and boost the UK's overall productivity.

He noted: "We understand that Britain's businesses need to concentrate on what they do best - growing their business, creating jobs and driving forward economic recovery.

"But when regulation becomes heavy-handed, inefficient, prescriptive and risk-averse it drags down the ability of businesses to grow, prosper and create jobs."

Mr Prisk noted that the challenge now is to transform the regulatory landscape so that the system delivers essential protection whilst avoiding "unnecessary interference" in the day-to-day work of businesses aiming to innovate.

This will, in turn, deliver the jobs and wealth that the economy needs to maintain its upward curve, he added.

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Posted by John Oak and Wayne Bly ADNFCR-1617-ID-800784787-ADNFCR

Source: The Sales Director News

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