More NewsBlair backs red tape cuts at CBI conference

Blair backs red tape cuts at CBI conference

Blair throws weight behind chancellor's drive to cut red tape in speech at CBI conference

Tony Blair used a disrupted address to the CBI conference this morning to
throw his weight behind the chancellor’s commitment to cut red tape on business.

The prime minister’s speech was delayed for 48 minutes and moved to a
different hall after anti-nuclear protestors unfurled banners from the roof of
the main venue.

Addressing a standing audience on what he described as a ‘surreal’ occasion,
he said the UK had no choice but to deregulate. ‘The problem is relevant to the
markets in which we are going to have to compete in future,’ he said. ‘We are
not in shape.’

Blair promised a bill on regulation early in the new year which will allow
existing legislation to be amended to make it simpler and less burdensome.

He said that several government departments – including the DTI – were
working on delivering a 25% reduction in the administrative burden.

With the UK putting the issue of bureaucracy at the heart of its presidency
of the European Commission, Blair said that the momentum should not be lost when
it came to tackling red tape.

‘The new commission has a different attitude on this issue and we have to
capitalise on that,’ he said.

Related Articles

Amazon UK halves its corporation tax bill despite increased turnover

More News Amazon UK halves its corporation tax bill despite increased turnover

4m Alia Shoaib, Reporter
Increase in UK business confidence despite Brexit, according to ICAEW

More News Increase in UK business confidence despite Brexit, according to ICAEW

7m Alia Shoaib, Reporter
Live blog: Spring Budget 2017

Corporate Tax Live blog: Spring Budget 2017

9m Accountancy Age editorial
The Curious Incident of the Insolvency Sector in the Light of Economic Turbulence

Insolvency The Curious Incident of the Insolvency Sector in the Light of Economic Turbulence

11m Accountancy Age editorial
Leonard Curtis called in as administrators for builders Boshers

Legal Leonard Curtis called in as administrators for builders Boshers

11m Stephanie Wix, Writer
New Year Honours of 2017

Accounting Standards New Year Honours of 2017

11m Stephanie Wix, Writer
"Not enough time" to implement MTD by 2018, says Tyrie

Corporate Tax "Not enough time" to implement MTD by 2018, says Tyrie

1y Stephanie Wix, Writer
Colin: A spoonful of investment...

Governance Colin: A spoonful of investment...

1y Stephanie Wix, Writer