Govt must establish deregulation plan for business

Date: 26/10/2011

Companies purchasing revenue share numbers in a bid to boost their revenue may agree that the government needs to reduce business regulation.

Dr Adam Marshall, director of policy and external affairs at the British Chambers of Commerce, commented on a recent speech given by deputy prime minister Nick Clegg regarding this topic.

The expert described his comments as "encouraging", as they suggest the coalition is set on cutting red tape for the country's enterprises.

However, he called for the authorities to commit to a comprehensive deregulation plan that will give companies increased confidence.

"Businesses up and down the country say that there needs to be a clear culture change, making local regulators into allies for business and growth rather than just enforcers," Dr Marshall added.

This comes after economist and author of The Blindfolded Masochist Michael Baxter called for the government to do more to encourage entrepreneurs in the UK.