BusinessCompany NewsTories promise to cut SME red tape

Tories promise to cut SME red tape

Shadow trade and industry secretary Tim Yeo has pledged to cut red tape on small and medium businesses.

Link: Red tape robs staff of six hours a week

He said that more businesses failed in 2002 than in any year since 1994.

Yeo pledged that a Tory government would slash away the unnecessary rules and regulations brought in by Labour which hamstrung cutting-edge companies.

He told he Tory conference in Blackpool: ‘Under Labour Britain has become the worst place to do business.

‘In four years small business failures have trebled. More businesses went bust in 2002 than in nay years since 1994. Company profits have fallen to their lowest level since 1993. Unlike Labour we’ll make Britain a better place to do business.

‘We’ll cut regulation, which the Institute of Directors says costs Britain £6bn a year. We’ll halt the rise in business taxes.’

Related Articles

M&S business rate liabilities based on £570m rateable value

Company News M&S business rate liabilities based on £570m rateable value

4m Emma Smith, Managing Editor
BDO replaces Deloitte as Mitie auditor

Audit BDO replaces Deloitte as Mitie auditor

8m Emma Smith, Managing Editor
CVR Global appoints partner in London office

Company News CVR Global appoints partner in London office

1y Alia Shoaib, Reporter
FTSE100 failing to provide adequate ethics information

Company News FTSE100 failing to provide adequate ethics information

1y Alia Shoaib, Reporter
Moore Stephens recruits new private client partner

Accounting Firms Moore Stephens recruits new private client partner

1y Emma Smith, Managing Editor
Magma Group announces merger, partner promotions

Accounting Firms Magma Group announces merger, partner promotions

1y Emma Smith, Managing Editor
BDO on ‘recruitment spree’ with multiple partner appointments

Accounting Firms BDO on ‘recruitment spree’ with multiple partner appointments

1y Emma Smith, Managing Editor
Brand strength leads to fee income growth for RSM

Accounting Firms Brand strength leads to fee income growth for RSM

1y Emma Smith, Managing Editor