Queen unveils red tape move.
The government used last week’s Queen’s speech to unveil its Regulatory Reform Bill which it hopes will go some way to placating a business community unhappy at the burden of red tape.
The Queen said the Bill would have the effect of ‘removing inappropriate and over-complex regulation’ and ensure that future legislation will impose as few regulations on business as possible.
According to the speech, the Bill will make it easier to end or repeal obsolete or unnecessarily bureaucratic legislation through ministerial orders, compared with the prevailing long-winded process of primary legislation.
Prime minister Tony Blair said his government was committed to cutting red tape and attracting new business to the UK. Reaction to the Bill suggested that business was in general satisfied with what has been proposed, but with reservations.
Digby Jones, the director-general of the Confederation of British Industry, described the Bill as ‘an important shift in the right direction’ but criticised existing legislation, which he said did not go far enough or give business ‘sufficient breathing space’.
The numbers you crunch tell a story. Your expertis...
25yEmbracing user-friendly AP systems can turn the tide, streamlining workflows, enhancing compliance, and opening doors to early payment discounts. Read...
View articleOrganisations can enhance their financial operations' efficiency, accuracy, and responsiveness by adopting platforms that offer them self-service cust...
View articleIn a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...
View resourceDiscover how AP dashboards can transform your business by enhancing efficiency and accuracy in tracking key metrics, as revealed by the latest insight...
View articleArtificial intelligence is no longer a futuristic concept but a present-day reality. As a result, the UK government is taking proactive steps to ensur...
View articleThe UK’s Pensions Regulator (TPR) has unveiled updated guidance for superfunds, introducing pivotal changes that accountants and financial plann...
View articleSue Perkins knows more than XBRL than expected. Xero’s CEO likes to get at least 80g of protein a day, which is hard since she’s a vegetar...
View articleDo your clients see you as an expense? In fact, do you see yourself as an expense to your clients? This shift requires a fundamental change in how acc...
View articleNearly eight in ten brokers (77%) believe that high street banks are scaling back their willingness to fund small and medium-sized businesses, accordi...
View articlePharma and life sciences companies should act now to prevent impact on drug production capabilities and business viability Read More...
View article476,000 UK SMEs will need an ESG plan in the next few years. Is your firm ready to support them? Read More...
View articleGlobal spend on accountancy outsourcing up by 40% in the space of five years. News comes as accountancy outsourcing specialist AdvanceTrack reports en...
View article