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The NFDA is encouraged by Business Secretary Sajid Javid’s announcement of a new Enterprise Bill, which looks to have positive measures for businesses.
Javid pledged not only to cut red tape by £10 billion, including that produced by independent regulators, but also to set up a service to help small businesses settle payment disputes.
This will be good for our members, helping them to support and grow their business. In the past, red tape has been an issue for companies, especially regarding Health and Safety, employment and the FCA. It is costly both in time and administration. Any plans to reduce this burden would certainly be well received by our industry.
Measures to support businesses and job creation are all positive steps in assuring continued economic stability. A reduction in the burden of Regulators on small business would be appreciated by members who have to deal with the FCA.