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PRIVACY
Economic Development

Business leaders back call for new bonfire of red tape

Birmingham Chamber of Commerce said that the proposals 'could make a very real and tangible difference to companies'

Steve Brittan

Business leaders in the West Midlands have welcomed the government-backed Business Taskforce which proposes changing unnecessary EU regulations.

Steve Brittan, president of Birmingham Chamber of Commerce, said that the proposals cutting red tape could make a very real and tangible difference to businesses, particularly SMEs.

He said: “The taskforce estimates that relaxing EU rules on health and safety alone could save º£½ÇÊÓÆµ businesses £2 billion.

“Any coherent action taken on reducing unnecessary red tape has got to be good for business. Regulations are supposed to be there to protect businesses, employees and consumers. However, we are now in a situation where we have far too many burdensome, ill-thought through pieces of legislation that are holding back growth.

“What we need is for a review of regulations at EU level and look at  how they are being implemented in the º£½ÇÊÓÆµ.

“Chamber members consistently cite regulation as a significant barrier to business growth. Regulation and associated red tape were identified as the second largest barrier to growth and are one of the top priorities for the Chamber’s advocacy and campaign work.”

The Chamber is lobbying the Greater Birmingham and Solihull Local Enterprise Partnership and Birmingham City Council on these issues and is working with the LEP regulation steering and delivery groups.

The Business Taskforce is made up of some of the º£½ÇÊÓÆµ’s top executives and entrepreneurs.