Business News - January 2008

Proposed Cuts in 'Red Tape'

According to a government report, cuts in ‘red tape’ are saving UK businesses and third sector organisations more than £800 million per year.

The report, ‘Delivering Simplification Plans’ outlines more than 280 government initiatives to tackle ‘red tape’. The report is wide ranging and covers almost 20 departments and agencies. The government aims to hit its goal of saving businesses and the third sector over £3.5 billion in administrative costs by 2010.

Secretary of State for the Department for Business, Enterprise and Regulatory Reform, John Hutton, said:

‘Today's plans demonstrate we are making significant headway on what is a difficult and challenging agenda.

By tackling redundant regulation we are making a difference to the way people run their businesses and in their everyday lives.’

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Press release and Plans for simplification

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