new government

Government to Cut Small Business Red Tape by £10bn

Government to Cut Small Business Red Tape by £10bn

Business secretary Sajid Javid will announce the government’s plans to cut red tape by at least £10bn today (May 19) in his first speech since being appointed to his new position. The red tape reductions are to take place over the next five years as part of the New Enterprise Bill and will help boost small business growth and create more jobs, according to the department for business, innovation and skills. The speech, which will take place at Engine Shed business centre in Bristol (the city where Javid grew up), coincides with the EU Commissions’ announcement to cut EU red tape and will include the government’s plans to tackle business payment issues by introducing a Small Business Conciliation Service to help settle disputes over late payments. The former culture secretary’s statement co... »