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Wednesday, 4 April 2012

Red tape reduction 'will boost jobs growth'

The best way to stimulate jobs growth in the UK is to reduce the amount of red tape that business encounter when it comes to expanding headcount, one employment expert has claimed.

David Kern, chief economist at the British Chambers of Commerce, said he is expecting to see an increase in the UK's gross domestic product growth this year, though the extent of this may depend on how many new roles are created.

He explained: "Every effort must be made to boost growth and empower the private sector to create jobs. While the government perseveres with efforts to cut the deficit, it must reallocate priorities, within the spending envelope, towards growth enhancing policies."

Mr Kern said that red tape needs be cut more aggressively, the credit easing programme must be made more effective and the monetary policy committee must do more to ensure that the quantitative easing programme encourages increased lending to viable firms.

Recently, Michael Ward, president of the Birmingham Chamber of Commerce Group, said that simplification of the initiatives to tackle unemployment would make a "significant difference" across the country.

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Posted by John Oak and Wayne BlyADNFCR-1617-ID-801334343-ADNFCR

Source: The Sales Director News

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