The Department for Business, Innovation and Skills (BIS) claims that cuts in bureaucracy and red tape are reducing the burdens placed on businesses, which means firms can spend more time running their company.
Business and enterprise minister Mark Prisk says this reflects the government's ambition to make the UK the best place in Europe to start, finance and grow a business, and this will prove even more evident when the impact of the alleviation of bureaucratic burdens is felt on a broader scale.
"Yes, it will take time for the difference to be felt by business, and some sectors will feel greater relief sooner than others. But these measures show we are making steady progress on the long road to a better regulatory environment for business," he explained.
Mr Prisk said he was also encouraged by the recent Business Perceptions Survey, which showed fewer firms feel regulation is an obstacle to their business in 2012, compared to 2009.
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Posted by John Oak and Wayne Bly
Source: The Sales Director News